Seychelles-based crypto exchange Bitget has become the controlling shareholder in decentralized multi-chain wallet BitKeep with a $30 million investment, according to a press release Tuesday.
Founded in 2018, BitKeep raised $15 million at a $100 million valuation last year in a funding round that was led by Dragonfly Ventures. The press release didn't disclose the valuation at the time of Bitget's investment, and BitKeep didn't immediately respond to a request for comment.
Bitget will use the BitKeep wallet within its exchange to improve stability and security of handling multiple assets across various blockchains.
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"The investment deal implies not only financial but also technical support," BitKeep Chief Operating Officer Moka Han said in the release.
Bitget's token (GBG) was up 10% to 41 cents in the past 24 hours, according to CoinMarketCap.