Cryptocurrency security firm BitGo Trust Company has announced the support for the Blockchain Capital’s BCAP security token.
According to the press release on March 19th from Business Wire, BitGo now allows their clients to store their BCAP assets using BitGo Trust Company, a regulated custodian for security tokens. Additionally, BitGo has also presented its multi-signature wallet security for the ethereum ERC-20-based token.
Brad Stephens, co-founder and managing partner of Blockchain Capital, has said that the custody solution aimed to be both secure and easy to use. “When we compared custody offerings, BitGo’s solution was far ahead of the other options in both design and security, so we’re excited to partner with them.” – he further noted.
Blockchain Capital’s BCAP token is an Ethereum-based security token which was launched in April 2017. BCAP represents shares in the Blockchain Capital III Digital Liquid Venture Fund and is also the world’s first token to be sold in an initial coin offering (ICO).
One noticeable feature about BCAP token is that it allows holders to trade their tokens on secondary trading platforms, providing them the chance to “benefit from the opportunity for liquidity in those assets”.
BitGo currently supports over 100 cryptocurrencies and tokens and holds over $2 billion in assets.
As The Crypto Sight reported in February, security token trading platform TokenSoft has announced the beta launch of Knox Wallet – a mobile-first secure cold storage, self-custody system designed for enterprises managing digital securities.