Wednesday, 17 April 2024

Crypto News

Lif3 partners with BitGo to Enhance Blockchain Security for Institutional DeFi Assets

Lif3 partners with BitGo to Enhance Blockchain Security for Institutional DeFi Assets

Road Town, British Virgin Islands, March 13th, 2024, Chainwire

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 industry’s leading secure qualified institutional custodian. This collaboration marks a significant leap forward in securing and democratizing access to blockchain technologies for users worldwide as leverages BitGo’s 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, I’m 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 Lif3’s ecosystem,” says Harry Yeh, Managing Director of Quantum FinTech Group.

This partnership supports Lif3’s 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 Lif3’s recent Ethereum Migration announcement and its strategic partnership with Layer Zero, an alliance designed to address the…

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