Brink’s Company Partners with BitGo for Crypto Custody
Brink’s Company, a well-known armored truck firm specializing in cash transportation, has announced a strategic investment in and partnership with crypto custody company BitGo. As part of this collaboration, Brink’s will become BitGo’s global secure logistics and vaulting provider, according to Zac McKenna, the Manager of Digital Assets at Brink’s.
The exact terms of the deal have not been disclosed, and there have been no changes to the board of directors for either company following the investment. BitGo currently serves over 1,500 clients across 50 countries.
‘Increasingly Digital World’
Zac McKenna stated that “BitGo’s strong brand reputation, market position, and long track record of success in the digital asset industry increases our presence in the fast-growing and evolving blockchain landscape. In an increasingly digital world, it was a logical next step for Brink’s, the global leader in physical security and logistics, to partner with BitGo, the leader in digital asset security and custody.”
BitGo’s valuation reached $1.75 billion after a $100 million Series C funding round in August 2023. The funds were utilized for strategic acquisitions and global expansion.
About Author
MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University’s Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
Hot Take: Brink’s Company Strengthens Crypto Custody with BitGo Partnership
Brink’s Company’s strategic investment in and partnership with BitGo, a leading crypto custody firm, marks a significant move in the digital asset industry. By becoming BitGo’s global secure logistics and vaulting provider, Brink’s enhances its presence in the fast-growing blockchain landscape. This collaboration between a renowned physical security and logistics leader and a top digital asset security provider demonstrates the increasing importance of crypto custody in our increasingly digital world. With BitGo’s extensive client base and valuation reaching $1.75 billion, this partnership positions both companies for further growth and success in the evolving crypto market.
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