NEW YORK--(BUSINESS WIRE)--BitGo Holdings, Inc. (“BitGo”), the digital asset infrastructure company, today announced that NYU Langone Health has selected BitGo Bank & Trust, National Association (“BitGo Bank & Trust”) to support its new capability to accept cryptocurrency donations. This partnership enables clients to access a new donor demographic and embrace a modernized approach to charitable giving, demonstrating leadership among academic institutions as digital asset giving continues to grow.
BitGo’s institutional-grade infrastructure allows users like NYU Langone to securely accept digital asset contributions from donors, enabling them to expand fundraising channels and support the organization’s clinical, educational, and research initiatives. All digital assets donations are safeguarded in BitGo’s regulated, cold custody, insured up to $250M in the event of theft, loss, or misuse.
BitGo’s unique trading feature, Auto Liquidation, will automatically convert the organization’s digital assets donations into USD, in accordance with its policies and operational needs. This is done without manual intervention, streamlining operations and enabling scalability. BitGo’s trading solution is also engineered to source best pricing and stronger execution for clients through aggregating liquidity across numerous sources globally. This allows users like NYU Langone Health to maximize the impact of its digital asset donations in the long run.
“NYU Langone Health is one of the nation’s preeminent academic medical institutions, and we are honored to support their philanthropic initiatives by enabling secure, compliant crypto donation processing," said Mike Belshe, CEO and Co-founder at BitGo. “Digital asset donations represent a growing area of charitable giving, and institutions need a secure, compliant, and reliable partner to facilitate these contributions. BitGo Bank & Trust is designed to provide that foundation.”
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 over a million investors worldwide.
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