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Lif3 and BitGo announce strategic partnership for secure DeFi solutions
"Lif3, the revolutionary multi-chain DeFi ecosystem, proudly announces its strategic partnership with BitGo, the industry's leading secure qualified institutional custodian. Learn more about this collaboration and how it improves security and access to blockchain technologies worldwide."
Lif3 and BitGo announce strategic partnership for secure DeFi solutions
Summary
Cryptocurrency platform Lif3 has announced a strategic partnership with BitGo, a leading provider of secure institutional custodians. This collaboration is intended to help secure and democratize access to blockchain technologies worldwide. Lif3.com will use BitGo’s multi-signature technology for the secure custody of Lif3 tokens, LSHARE tokens and L3USD. The partnership aims to improve the security of digital assets for institutional clients and increase trust in the Lif3 ecosystem.
The importance of partnership
The partnership between Lif3 and BitGo has a significant impact on the DeFi sector and the security of digital assets. Recognized as the industry standard for security, BitGo offers advanced cold storage technology for asset custody. The use of multi-signature technology increases the security of Lif3 token, LSHARE token and L3USD, creating a new gold standard for asset protection in the DeFi space.
The partnership supports Lif3's vision of creating a simpler, safer and more interactive user experience. By integrating BitGo's technology into the Lif3 Wallet, the purchase of DeFi is seamlessly made possible for end consumers. This is an important step to promote cryptocurrency adoption and make DeFi easier to access.
About Lif3.com
Lif3.com is a comprehensive DeFi ecosystem that operates on multiple blockchains and includes a self-custody wallet. Available on the App Store and Google Play, the Lif3 Wallet provides access to Web 3.0, including DeFi and iGaming.
Lif3 (LIF3) is an ERC-20 token that powers the Lif3 ecosystem and offers a comprehensive range of features for managing digital assets across multiple blockchains. Lif3 tokens can be purchased via Bitfinex.
About BitGo
BitGo is a leading provider of secure digital asset solutions, offering institutional custody, staking, trading and core wallet infrastructure. The company developed the multi-signature wallet and became the first qualified digital asset custodian in 2018.
BitGo supports over 700 digital assets, processes 20% of on-chain Bitcoin transactions, and serves more than 1,500 institutional customers in over 50 countries. The company has a $250 million insurance policy, SOC 1 Type Two and SOC 2 Type Two certifications, and strict regulatory requirements to ensure high standards of security and confidentiality.
Table: Lif3 and BitGo in comparison
| aspect | Lif3 | BitGo |
|---|---|---|
| Founding year | Unknown | 2013 |
| Supported Blockchains | Ethereum, Polygon, BNB Chain, Fantom | – |
| Services Offered | DeFi, self-custody | Custodians, staking, trading, core wallet infrastructure |
| Number of supported assets | Unknown | Over 700 |
| Insurance policy | – | $250 million |
| Number of institutional customers | Unknown | Over 1,500 |
| Certifications | – | SOC 1 Type-Two, SOC 2 Type-Two |
Note: This information is based on publicly available data and is subject to change.
The partnership between Lif3 and BitGo is an important step towards securing and democratizing blockchain technologies. The use of BitGo’s multi-signature technology strengthens the security of the Lif3 ecosystem and instills trust among institutional investors. This is another milestone in establishing DeFi as a future-oriented financial solution.