BitGo, which provides institutional-grade custodial accounts and multi-signature wallets, has recently closed a $57.5 million USD Series B fundraising round that included investors like Goldman Sachs and Mike Novogratz.
Goldman Sachs and Novogratz’s Galaxy Digital Ventures combined investments reached around $15 million USD and the new fundraising round brings BitGo’s total funding to around $70 million USD. Goldman has previously announced that they would be launching their own cryptocurrency custodial service, but has yet to do so and Mike Novogratz has been a longtime advocate of cryptocurrencies on Wall Street.