Recently, blockchain security firm BitGo has decided that to built its own trust, the news came after the four months announcing regarding its plans to acquire the asset custodian Kingdom Trust.
The startup wants its own new, regulated, qualified custodian specifically for digital assets.
A statement from Clarissa Horowitz, marketing vice president at BitGo, states that "We spent a lot of time over the course of this working with customers because ultimately that's who we're going to be serving and we realized they would be best served by a custodian who was entirely focused on their assets, so our focus has been to create a fully qualified independent digital custodian."
According to Horowitz, the company is working closely with regulators to offer customers two options for the asset management.
However, the company needs to build its own trust, particularly for cryptocurrency space. Horowitz added, "I think it's critical, I think the way that you hold digital assets [is different from how you're] holding stock certificates."