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

by Chainwire

Printed: March 13, 2024 at 4:23 pm Up to date: March 13, 2024 at 4:23 pm

Street City, British Virgin Islands, March thirteenth, 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 main safe certified institutional custodian. This collaboration marks a major leap ahead in securing and democratizing entry to blockchain applied sciences for customers worldwide as Lif3.com leverages BitGo’s pioneering, multi-signature know-how for custodial transactions, chilly storage of Lif3 tokens, LSHARE tokens, and L3USD.

“We’re happy to help Lif3’s goal of accelerating entry to DeFi with our industry-leading, safe custody options. This partnership will present Lif3 customers peace of thoughts to confidently have interaction within the DeFi ecosystem,” says Mike Belshe, CEO of BitGo.

“This strategic collaboration not solely enhances the security of digital belongings for institutional purchasers, but additionally instills a newfound confidence within the safe storage and transaction capabilities throughout the Lif3 ecosystem, setting a brand new gold normal for asset safety within the DeFi area. As an advocate for the LIF3 ecosystem, I’m most excited to harness BitGo’s famend multi-signature institutional custodial options for the impeccable safeguarding of its core belongings. Becoming a member of forces with BitGo, acknowledged because the {industry} normal in safety, will assist present an modern, unparalleled layer of safety for Lif3 tokens, LSHARE tokens, and L3USD – using BitGo’s cutting-edge chilly storage know-how. The connection with BitGo spans over a decade as I’ve been utilizing their merchandise since 2013, the place their product choices have developed from securing Bitcoin to creating Wrapped Bitcoin (WBTC), for instance. It was a straightforward choice to assist select BitGo to safe Lif3’s ecosystem,” says Harry Yeh, Managing Director of Quantum FinTech Group.

This partnership helps Lif3’s imaginative and prescient for a extra simplified, safer and interactive consumer expertise and facilitates seamless acquisition for shopper DeFi by the “Lif3 Pockets” accessible for obtain on the App Retailer and Google Play.

This BitGo announcement coincides with Lif3’s current Ethereum Migration announcement and its strategic partnership with Layer Zero, an alliance designed to handle the challenges related to token bridging, for a safer and environment friendly blockchain expertise.

Lif3.com and the “Lif3 Pockets” proceed to be a platform of curiosity for these invested in the way forward for decentralized finance and blockchain know-how. The dedication to steady enchancment and innovation positions Lif3 as a frontrunner in shaping the longer term panorama of the digital financial system and its imaginative and prescient in direction of breaking down boundaries to cryptocurrency adoption by the Lif3 Cell App, a one-stop answer for on-ramping, investing, buying and selling, incomes, gaming, and off-ramping.

About Lif3.com

Lif3.com is a whole, omni-chain DeFi ecosystem, that features a Curated Layer-1 Blockchain, and a self-custody pockets. “Lif3 Pockets” is offered on the App Retailer and Google Play – unlocking the potential of Web3 by shopper DeFi, iGaming and the Leisure Sectors

LIF3

LIF3 (LIF3) is an ERC-20 token that powers the LIF3 ecosystem and gives a complete suite of options to handle digital belongings throughout a number of blockchains whereas permitting customers to learn from staking. To acquire entry to $LIF3 on Bitfinex, prospects can go to: https://buying and selling.bitfinex.com/t/LIF3:UST – API image for LIF3 is LIFIII on Bitfinex

Twitter | Lif3 Information and Updates | How you can Purchase LIF3 with ETH or USDT on Ethereum

For official LIF3 logos and branding please customers can go to:

https://docs.lif3.com/brand-assets

About BitGo

BitGo, based in 2013, is a number one supplier of safe digital asset pockets options, providing institutional-grade custody, staking, buying and selling, and core pockets infrastructure. Notably, it pioneered the multi-signature pockets and launched BitGo Belief Firm in 2018, the primary certified custodian for digital belongings. With a $250 million insurance coverage coverage, SOC 1 Kind 2 and SOC 2 Kind 2 certifications, and rigorous regulatory compliance, BitGo ensures excessive requirements of safety and confidentiality. Increasing its providers, BitGo launched institutional-grade DeFi, NFT, web3 choices, and the Go Community. In 2023, it secured $100M Collection C financing, valuing the corporate at $1.75B. BitGo helps 700+ digital belongings, processes 20% of on-chain Bitcoin transactions, and serves over 1,500 institutional purchasers throughout 50 international locations.

Disclaimer

Custody providers are provided by BitGo Belief Firm, a South Dakota chartered belief firm. BitGo will not be registered with the SEC, and doesn’t supply authorized, tax, funding, or different recommendation. Please seek the advice of your authorized/tax/funding skilled for questions on your particular circumstances.

About Quantum Fintech Group

Quantum Fintech Group is a non-public funding group based in 2020, and is targeted on offering superior returns within the various asset area focusing particularly on blockchain investments.

Twitter: https://twitter.com/quantumftg

Contact

Media RelationsChantel EllowayLif3 Labs Restricted[email protected]

Disclaimer

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