Digital asset finance firm BitGo announced the launch of its off-chain clearance and settlement service in a press release published on May 14.
Per the announcement, the service will be available to clients of qualified custodian BitGo Trust Company, and assets are not moved from custody while reportedly allowing fast, compliant and secure settlement. The company explains that — since the funds never leave the custodian’s wallet — this method eliminates counterparty risk:
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