BitGo Now Supports Custody and Staking of Tezos’ XTZ

The addition expands BitGo’s proof-of-stake offerings, first unveiled last October.

AccessTimeIconJul 23, 2020 at 1:00 p.m. UTC
Updated May 9, 2023 at 3:10 a.m. UTC

BitGo has added custodial and staking services for the Tezos blockchain’s native token, XTZ.

  • Investors who store their XTZ with BitGo will earn an annual staking return of around 6% across BitGo’s hot and cold wallets, the custodial firm told CoinDesk on Thursday.
  • Cryptos native to proof-of-stake consensus blockchains generate returns for their holders as a reward for them lending their personal computing power (or that of a delegated validator, such as BitGo Trust) toward securing the network. 
  • Upon entering the staking space in October 2019, BitGo added support for proof-of-stake tokens dash and algo. XTZ’s market cap of around $2.4 billion at press time dwarfs those tokens.
  • BitGo intends to add custodial support for Tezos blockchain-based tokens in the coming months, the firm said.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.