BitGo Officially Supports IOTA Mainnet: Institutional-Grade Custody Services Launched, Backed by $250 Million Insurance

[Crypto World] Digital asset custody provider BitGo has officially supported the IOTA mainnet since the first week of December, meaning users can now directly manage IOTA tokens and other related assets through the platform.

BitGo has considerable background strength—it serves over 4,900 institutions, enterprises, and exchanges worldwide, is regulated by the South Dakota Division of Banking in the US, and provides up to $250 million in insurance coverage for cases of key theft, loss, or misuse. This integration with the IOTA mainnet effectively opens the door for institutions, exchanges, and individual users alike to access the IOTA ecosystem within a regulated and insured framework.

For exchanges already partnered with BitGo, they can now confidently list IOTA for customer trading; market makers also gain greater operational flexibility as a result. Even more interesting, BitGo itself offers services such as trade execution, lending, and programmable money, allowing developers and institutions to leverage this mature infrastructure to explore more use cases for IOTA tokens in compliance with regulatory requirements.

Notably, this partnership provides a compliant and recognized channel for US institutions to officially participate in the IOTA ecosystem, which is expected to further drive IOTA’s market penetration in the US digital asset space.