Stellar
$0.11459 -5.07%
XLM · 5d

BitGo Launches Support for Stellar

BitGo Launches Support for Stellar Stellar lumens available now for BitGo Business Wallet clients

Today we’re pleased to announce support for Stellar, making BitGo the first multi-signature wallet and custodial solution on the market supporting the digital currency. Lumens (XLM) are the native asset of the Stellar network, a fully open-source distributed ledger.

In mid-November CoinDesk covered our news that BitGo multi-signature wallets and custody solutions support over 100 coins and tokens. With the addition of lumens, we now support 115 digital currencies. View our complete list of all supported coins and tokens.

BitGo’s wallet and custody solutions are 100% multi-signature, offering the best security for institutional investors who wish to invest in a basket of cryptocurrencies to mitigate risk. BitGo supports:

9 blockchains, including the top 5 coins by market cap 5 stablecoins 101 ERC20 tokens

BitGo CEO Mike Belshe highlighted the value that the Stellar network brings to clients with its unique payments system in an October interview on Fortune’s Balancing the Ledger. Specifically, the Stellar network’s infrastructure facilitates cross-asset transfers of value, including cross-border payments, and provides an instant clear, settlement, and execution platform.

“We’re continuously adding support for digital currencies that our clients express interest in, and lumens are a natural next addition. The Stellar network offers BitGo clients access to a public financial structure for cross-border transfers, making XLM an important new asset for investors,” said Ben Chan, BitGo Chief Technology Officer.

Until now, users of the Stellar network employed a manual process for creating a multi-signature wallet to hold their lumens. BitGo makes cryptocurrency security easier, providing a safe and secure multi-signature wallet and custody solution for XLM.

Along with XLM, BitGo supports Stellar’s federated address syntax, an em...

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