VeChain Partners With BitGo to Build Foundations For Institutional Adoption

robot
Abstract generation in progress

On Wednesday, the VeChain team announced via X that it has partnered with BitGo, a global leader in digital asset custody and institutional infrastructure. Integration with BitGo brings regulated custodian products that open up many new opportunities for VeChainThor and the VeBetter ecosystem.

BitGo’s institution-grade tokenization and Node/Staking services help facilitate peace of mind for large, professional stakeholders joining VeChain to secure the blockchain as a Validator once VeChain's tokenomics changes are enacted towards the end of 2025.

VeChain Thor (VET) is a blockchain with the posited goal of solving real-world economic problems. VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities. VET is down 1% today and is currently trading at $0.02479.

VET3.66%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)