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0 0.000601322910402852 0.000601322910402852 0.00204449789536983 0.000541190619362618 0.000360793746241745 0.00288634996993379 -0.00438965724594101
Stock impact report

Crypto Custodian BitGo Receives Investment From Iconic Cash Handling Firm Brink's [Yahoo! Finance]

Brinks Company (The) (BCO) 
Last brinks company (the) earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The financial details of the investment were not disclosed. Crypto has its roots in retail self-custody, but these days institutions are investing billions on behalf of clients, often requiring the back-up of fragmented master keys and physical hardware security modules (HSMs) – which is where a firm like Brink's with its global secure logistics network comes in. “As much of our industry, and the financial services industry writ large, prepares for the digital tokenization of potentially a lot of assets, it was very strategic on their behalf to reach out to us,” said BitGo VP Baylor Myers in an interview. “I think Brink's is going to continue to allocate resources to its office of digital assets.” The Brink's tradition of transporting cash and gold around the world creates “an interesting marriage” for a crypto custodian, according to BitGo Trust president Jody Mettler. “Having a footprint of secure locations globally is important to us as we move into regions like Asia Pacific Show less Read more
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