According to _RichardTeng, Bitfinex Securities is expanding its Real World Asset (RWA) offerings with two new UK-based products, focusing on democratizing finance rather than catering solely to large institutions. The firm announced a £5 million community banking debt product ("TITAN1") offering a 20% annual dividend and a £100 million litigation financing product ("TITAN2") giving investors a 50% share of recovery proceeds. Both will be issued as tradable tokens on the Liquid Network, a Bitcoin sidechain, and available on Bitfinex Securities' secondary market. Jesse Knutson, head of operations at Bitfinex Securities, emphasized the goal is to bridge the capital access gap left by traditional banks. Concurrently, crypto exchange KuCoin has partnered with BitGo Singapore to allow institutional clients to trade without pre-funding their wallets, utilizing BitGo's Go Network for off-exchange settlement. This move enhances security by separating custody from execution and applies to KuCoin's full suite of products, including spot, margin, and futures. These strategic developments unfold as the crypto market experiences a slight downturn, with Bitcoin (BTCUSDT) trading at $108,968.37, down 0.596%, and Ethereum (ETHUSDT) at $2,550.56, down 1.805% in 24 hours. Other major altcoins like Solana (SOLUSDT) and Cardano (ADAUSDT) also posted losses of 3.142% and 3.924% respectively, according to the provided market data.

According to @justinsuntron, a recent discussion with @HHorsley from BitwiseInvest and @mikebelshe from BitGo highlighted that institutional adoption of Bitcoin in the United States is gaining traction, with WrappedBTC (WBTC) positioned as a crucial facilitator for this trend (source: Twitter/@justinsuntron, May 28, 2025). The conversation emphasized that WBTC allows institutions to access DeFi and advanced trading strategies on Ethereum, increasing Bitcoin liquidity across decentralized platforms. This integration is expected to drive higher trading volumes and greater price stability for Bitcoin, benefiting cryptocurrency traders and investors (source: Twitter/@justinsuntron, May 28, 2025).

According to @AveryChing, institutional NFT loans have already surpassed $1 billion in issued value, facilitated by partnerships between BitGo, Pact Consortium, and Aptos. With over 20 million customers engaged and a global trading engine in place, the integration of NFT-backed lending into institutional finance is actively reshaping liquidity options for crypto traders. This development signals increasing adoption of NFT-based collateral and could drive greater trading activity and liquidity across major cryptocurrency markets. Source: @AveryChing on Twitter.

According to Crypto Rover, major cryptocurrency companies Coinbase, Circle, BitGo, and Paxos have applied for U.S. banking licenses. This move could significantly influence the crypto markets by potentially increasing institutional trust and investment. Analysts suggest this may lead to greater stability and adoption of cryptocurrencies like Bitcoin and Ethereum, as these firms could offer more traditional banking services alongside crypto transactions. Source: Crypto Rover.

According to @EmberCN, DWF Labs received a small test transfer of $USD1 from WLFI, suggesting that DWF Labs might become a market maker for $USD1 and potentially $WLFI in the future. USD1 is a USD-backed stablecoin introduced by the WLFI DeFi project, supported by the Trump family, and backed by U.S. Treasuries, dollar deposits, and cash equivalents, with custody managed by BitGo.

According to Lookonchain, Mt. Gox has transferred 166.5 BTC ($15.05M) to BitGo, indicating a significant movement of funds that could impact the Bitcoin market. This transaction suggests Mt. Gox is actively managing its assets, potentially preparing for distribution or other financial operations. Traders should monitor for possible market effects due to the size and source of this transfer.

According to Lookonchain, Mt. Gox has transferred 166.5 BTC, valued at approximately $15.05 million, to an address likely associated with BitGo. This transaction could indicate ongoing asset redistribution efforts by the defunct exchange. Source: Lookonchain tweet.

According to Aggr News, crypto custody firm BitGo is reportedly considering an initial public offering (IPO) as soon as the second half of 2025. This move could significantly impact the cryptocurrency custody market by increasing transparency and potentially attracting more institutional investors. The decision to go public may also be influenced by the firm’s performance and market conditions at that time. Traders should monitor BitGo's developments and market strategy closely as they may affect related cryptocurrency assets and services.

According to Ai 姨, nearly four months have passed since the 'WBTC Custody Dispute', yet WBTC continues to appear frequently in various trades. The question arises whether WBTC's market share has changed following the series of 'FUD' events. The timeline highlights that on August 11, BitGo announced the transfer of WBTC operations to a joint venture with BiT Global, sparking controversy over custody rights.

According to @EmberCN, a new address accumulated 1605 WBTC (worth $94.62M) within three days following a custody change. On August 11, BitGo announced a joint venture with BiT Global to transfer WBTC custody to a different jurisdiction, prompting some protocols and institutions to stop using WBTC due to potential risks. The next day, on August 12, the new address was created and began withdrawing large amounts of WBTC from Binance.