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Lif3 Partners With BitGo To Enhance Blockchain Security for Institutional DeFi Assets

March 13, 2024

March 13, 2024 – Road Town, British Virgin Islands

This collaboration marks a significant leap forward in securing and democratizing access to blockchain technologies for users worldwide as Lif3.com leverages BitGo’s pioneering, multi-signature technology for custodial transactions, cold storage of Lif3 tokens, LSHARE tokens and L3USD.

Mike Belshe, CEO of BitGo, said,

“We are pleased to support Lif3’s aim of increasing access to DeFi with our industry-leading, secure custody solutions. This partnership will provide Lif3 users peace of mind to confidently engage in the DeFi ecosystem.”

Harry Yeh, managing director of Quantum FinTech Group, said,

“This strategic collaboration not only enhances the safety of digital assets for institutional clients, but also instills a newfound confidence in the secure storage and transaction capabilities within the Lif3 ecosystem, setting a new gold standard for asset protection in the DeFi space.

“As an advocate for the Lif3 ecosystem, I’m most excited to harness BitGo’s renowned multi-signature institutional custodial solutions for the impeccable safeguarding of its core assets.

“Joining forces with BitGo, recognized as the industry standard in security, will help provide an innovative, unparalleled layer of security for Lif3 tokens, LSHARE tokens and L3USD – utilizing BitGo’s cutting-edge cold storage technology.

“The relationship with BitGo spans over a decade as I have been using their products since 2013, where their product offerings have evolved from securing Bitcoin to creating Wrapped Bitcoin (WBTC), for example. It was an easy decision to help choose BitGo to secure Lif3’s ecosystem.”

This partnership supports Lif3’s vision for a more simplified, safer and interactive user experience and facilitates seamless acquisition for consumer DeFi through the Lif3 Wallet, available for download on the App Store and Google Play.

This BitGo announcement coincides with Lif3’s recent Ethereum Migration announcement and its strategic partnership with Layer Zero, an alliance designed to address the challenges associated with token bridging for a more secure and efficient blockchain experience.

Lif3.com and the Lif3 Wallet continue to be a platform of interest for those invested in the future of DeFi (decentralized finance) and blockchain technology.

The commitment to continuous improvement and innovation positions Lif3 as a frontrunner in shaping the future landscape of the digital economy and its vision towards breaking down barriers to cryptocurrency adoption through the Lif3 Mobile App, a one-stop solution for on-ramping, investing, trading, earning, gaming and off-ramping.

About Lif3.com

Lif3.com is a complete, omni-chain DeFi ecosystem, that includes a curated layer one blockchain, and a self-custody wallet.

Lif3 Wallet is available on the App Store and Google Play, unlocking the potential of Web 3.0 through consumer DeFi, iGaming and the entertainment sectors.

Lif3

Lif3 (LIF3) is an ERC-20 token that powers the Lif3 ecosystem and provides a comprehensive suite of features to manage digital assets across multiple blockchains while allowing users to benefit from staking.

To obtain access to Lif3 on Bitfinex, customers can visit here. API symbol for Lif3 is LIFIII on Bitfinex.

For official Lif3 logos and branding, users can visit here.

About BitGo

BitGo, founded in 2013, is a leading provider of secure digital asset wallet solutions, offering institutional-grade custody, staking, trading and core wallet infrastructure.

Notably, it pioneered the multi-signature wallet and launched BitGo Trust Company in 2018, the first qualified custodian for digital assets.

With a $250 million insurance policy, SOC 1 type two and SOC 2 type two certifications and rigorous regulatory compliance, BitGo ensures high standards of security and confidentiality.

Expanding its services, BitGo introduced institutional-grade DeFi, NFT, Web 3.0 offerings and the Go Network.

In 2023, it secured $100 million Series C financing, valuing the company at $1.8 billion.

BitGo supports more than 700 digital assets, processes 20% of on-chain Bitcoin transactions and serves over 1,500 institutional clients across 50 countries.

Disclaimer

Custody services are offered through BitGo Trust Company, a South Dakota chartered trust company.

BitGo is not registered with the SEC and does not offer legal, tax, investment or other advice.

Please consult your legal/tax/investment professional for questions about your specific circumstances.

About Quantum Fintech Group

Quantum Fintech Group is a private investment group founded in 2020 and is focused on providing superior returns in the alternative asset space focusing specifically on blockchain investments.

Contact

Chantel Elloway, media relations at Lif3 Labs Limited

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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