HashKey And BitGo Expand Partnership For Staking And Trading

HashKey Cloud and BitGo have expanded their existing staking partnership into institutional trading, custody, and real-world asset tokenization, according to CryptoNews. The expanded agreement was signed in Singapore during TOKEN2049 week.

Under the arrangement, HashKey Cloud will initially validate Ethereum and Solana staking for eligible institutional clients using BitGo's platform. The agreement covers four core business areas: staking, institutional trading flow, custody, and real-world asset tokenization.

Custody and Trading Integration

BitGo will provide custody services to HashKey Capital funds and associated entities, subject to client onboarding and separate agreements. Additionally, BitGo will serve as the custody partner for HashKey's real-world asset tokenization initiatives across Asia-Pacific markets.

The companies also plan to support institutional trading flow together, though specific exchanges, trading pairs, and expected volumes were not disclosed in the announcement.

Background and Scale

The two companies previously announced a preliminary institutional staking partnership in July, designed to let clients participate in proof-of-stake networks while keeping assets within BitGo's custody framework. BitGo reported 5,833 clients at the end of June, with $65.2 billion in assets on its platform and $11.9 billion staked.

Key facts

• HashKey Cloud and BitGo signed an expanded agreement covering staking, trading, custody, and RWA tokenization.
• Ethereum ($ETH) and Solana ($SOL) are the first assets covered under the staking arrangement.
• BitGo will serve as a custody partner for HashKey Capital funds and Asia-Pacific RWA tokenization initiatives.
• The agreement was signed in Singapore during TOKEN2049 week.