KPMG, BitGo, Coin Metrics Launch New Offering to Drive Institutional Adoption
One of the "big four" professional services firms has launched a product suite with two other cryptocurrency firms with an eye on serving institutional demand in crypto.
Bolstered by a wave of institutional crypto investors, BitGo is in a race against its peers to add insurance coverage.
A deal between the asset manager and the crypto custodian is close to being finalized, sources tell CoinDesk.
The custodian will manage potentially tens of millions of dollars in seized cryptocurrencies, according to documents published Wednesday.
The firm plans to offer New York banks crypto custody as a service.
The crypto custodian has had bitcoin on its own balance sheet since 2014, CEO Mike Belshe told CoinDesk.