Formosa Financial, the one-stop financial services platform for managing digital assets, has announced a collaboration with BitGo®, the market leader in institutional-grade cryptocurrency security to integrate BitGo’s custodial services into the Formosa Financial suite of digital asset management tools.
Having successfully reached their hard-cap via private round funding this May, Formosa Financial is aiming to solve many pain points faced in the blockchain industry by creating a single point of access to custodial, brokerage, and risk management tools for digital assets.
Ryan Terribilini, CEO of Formosa Financial, said:
“BitGo is a natural foundational choice for our services here at Formosa Financial – their combination of deep technical experience and regulatory compliance surrounding challenging issues in digital asset custody are a great resource for us as we work to scale our platform and partnerships to grow our service offerings.”
BitGo recently received in the US, further extending their advantage as a market-leading qualified custodian operating in a fast-evolving space. Their custodial services are trusted by leading blockchain companies and financial institutions such as Ripple, Bitstamp, SBI Holdings, CME Group, and The Royal Mint (Her Majesty’s Treasury).
Formosa Financial CTO Lorne Lantz said:
“BitGo’s management of private keys and API is the perfect balance in providing convenient access to funds while ensuring the highest level of security in the industry.”
As BitGo’s multi-signature wallets and custody solutions are integrated into the Formosa Financial platform, FF clients will have access to the unmatched security, broad currency support, and configurable policy controls BitGo is known for.
This keystone service paired with Formosa Financial’s other offerings such as liquidity-pooling prime brokerage services and interest bearing products (via partnership with ) will enable clients to focus on their core strengths by simplifying their treasury management system, which in turn offers the added advantage of consolidating time-consuming KYC/AML processes.
About BitGo
Inc. is the market leader in institutional-grade investment services, providing institutional investors with security, compliance, and custodial solutions for blockchain-based currencies. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of all global bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company has a customer base that includes the world’s largest cryptocurrency exchanges and spans more than 50 countries.
About Formosa Financial
helps digital asset holders and blockchain innovators solve some their major pain points by offering a one-stop platform for their financial services needs. From a single point of entry clients have access to a customizable suite of treasury management tools, minimizing friction, costs, and time delays around mission critical financial tasks.
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The event takes place on October, 22 – October, 26 and covers Nigeria, South Africa and Kenya.
About World Blockchain Roadshow Africa
The aim of is to establish links between crypto entrepreneurs worldwide. In five days startups will get in touch and set partner relations with blockchain experts of three crypto capitals: Abuja, Johannesburg, Nairobi. Every participating project will be presented during a pitch session in each city. World Blockchain Roadshow Middle East gives startups an opportunity to meet more than 50 blockchainers verified by IDACB and willing to invest into perspective startups.
World Blockchain Roadshow will take place in The Envoy Abuja on October, 22; Radisson Blu Sandton Johannesburg on October, 24; Villa Rosa Kempinski (Nairobi) on October, 26.
The event is organized by the International Decentralized Association on Cryptocurrency and Blockchain. is the largest blockchain association connecting 95 countries.
Why Visit Africa for ICO Promotion
Although Africa is still a blockchain amateur the rates of crypto assurance and implementation are high in the region. Last year, peer-to-peer bitcoin trading in Nigeria increased by nearly whereas only China showed stronger performance. According to Citibank report, South Africa took the sixth place globally for the highest amount of bitcoin holders per capita, Kenya came in the fifth and Nigeria came in third.
The specialists believe that a cryptocurrency is a way forward for small business owners and entrepreneurs in the unstable economic environment of the region. The use of digital currency allows entrepreneurs to access their money without the risk of inflation or political unrest affecting their assets. Cryptocurrency-based remittance services are popping up across Africa.
Meanwhile the eldest one – South Africa-based Luno Exchange, which was established in 2013, services customers in over 40 countries worldwide.
World Blockchain Roadshow is the best chance to find your niche in the young blockchain market of Africa. For higher communication results the event takes place in Kenia, Nigeria and South Africa which considered to be among the leaders of blockchain experimentation and adoption on the continent.
World Blockchain Roadshow by IDACB is to start next Monday already. Do not postpone gaining investments from African blockchains! Get your ticket right now or join WBRShow for free as an investor.
Meet you in Abuja on October, 22!
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