NEW YORK--(BUSINESS WIRE)--BitGo, the digital asset infrastructure company, today announced the integration of the Bitcoin Lightning Network directly from its qualified custody platform. As one of the first solutions to enable Lightning access directly from qualified custody, this expansion builds on BitGo’s existing Lightning Network offering. The service delivers institutions a simplified, secure, and robust way to leverage Lightning’s speed, efficiency, and privacy for payments.
Integrated Infrastructure and Security
Building on the company's prior release of a self-custody Lightning solution earlier this year, this new service is integrated directly into BitGo’s qualified custody. The functionality is delivered through a strategic partnership with Voltage, a leading provider of Lightning Network infrastructure.
Through the partnership, BitGo clients benefit from:
- Advantages of Lightning Network Payments: Faster, cheaper, and scalable transactions, while maintaining the security and process controls of institutional-grade custody.
- Zero Operational Overhead: BitGo and Voltage manage all necessary infrastructure, including automatic node, channel, liquidity, and key management.
- Minimal Setup: Clients can leverage BitGo’s managed Lightning node with minimal setup and without needing to run their own Signer Node.
- Institutional Security: Private key is managed securely by BitGo’s award-winning security infrastructure.
Clients gain access to simple APIs for creating wallets, sending payments, generating invoices, and retrieving transaction histories, fully integrated into BitGo’s robust wallet infrastructure, policies, and user permissions.
For enterprises adopting Lightning, the operational burden of running nodes, managing channels, maintaining liquidity, and managing keys can be substantial. BitGo eliminates this complexity, delivering seamless Lightning access without operational overhead.
“By offering institutional access to Lightning directly from custody, we are allowing our clients to focus on innovation instead of infrastructure,” said Mike Belshe, CEO and Co-Founder of BitGo. “We are combining the speed and lower transaction costs of Lightning with the trusted security of BitGo to make bitcoin practical for everyday payments.”
About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, BitGo has been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of investors.
Contacts
Media Contact
press@bitgo.com