Lif3 partners with BitGo to Enhance Blockchain Security for Institutional DeFi Assets
–News Direct–
Lif3 (LIF3/USD)(LIF3/USDt), the revolutionary multi-chain DeFi Layer-1 ecosystem that operates on Ethereum, Polygon, BNB Chain, and Fantom, is thrilled to announce its strategic partnership with BitGo, the industrys leading secure qualified institutional custodian. This collaboration marks a significant leap forward in securing and democratizing access to blockchain technologies for users worldwide as Lif3.com leverages BitGos pioneering, multi-signature technology for custodial transactions, cold storage of Lif3 tokens, LSHARE tokens, and L3USD.
"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, says Mike Belshe, CEO of BitGo.
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, Im 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 Lif3s ecosystem, says Harry Yeh, Managing Director of Quantum FinTech Group.
This partnership supports Lif3s 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 Lif3s 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 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-1 Blockchain, and a self-custody wallet. Lif3 Wallet is available on the App Store and Google Play – unlocking the potential of Web3 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: https://trading.bitfinex.com/t/LIF3:UST – API symbol for LIF3 is LIFIII on Bitfinex
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For official LIF3 logos and branding please users can visit:
https://docs.lif3.com/brand-assets
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 2 and SOC 2 Type 2 certifications, and rigorous regulatory compliance, BitGo ensures high standards of security and confidentiality. Expanding its services, BitGo introduced institutional-grade DeFi, NFT, web3 offerings, and the Go Network. In 2023, it secured $100M Series C financing, valuing the company at $1.75B. BitGo supports 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.
Twitter: https://twitter.com/quantumftg
Contact Details
Lif3 Labs Limited
Chantel Elloway
View source version on newsdirect.com: https://newsdirect.com/news/lif3-partners-with-bitgo-to-enhance-blockchain-security-for-institutional-defi-assets-467159720
Lif3
COMTEX_449207312/2655/2024-03-13T16:23:56
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