4 min read

Luganodes X BitGo: Enabling Secure Staking

Luganodes is now a Staking Provider for BitGo.

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Published on

10 Jan, 2024

One of the most trusted names in Web3 security, BitGo has partnered with Luganodes. We are proud to announce that now BitGo users will be able to avail of the Swiss-operated world-class Web3 infrastructure provided by Luganodes for staking, all from within the iron-clad security domain of BitGo.

BitGo

In the treasury management industry, there are multiple tools and technologies present that enable a high degree of security, paramount to companies dealing with large assets. The digital asset world also mirrors this need for security, and filling the gap is BitGo. BitGo brands itself as the strongest security foundation in crypto, providing regulated custody, financial services and core infrastructure for builders and investors.

BitGo Services

As an institutional-grade custody, trading and settlement service, BitGo is one of the most widely used and trusted custodian services. BitGo’s services range from regular custody provision to a comprehensive suite of financial services that enable institutions to seamlessly integrate digital assets into their operations. This includes trading services, ensuring that clients have access to liquidity and the ability to execute trades swiftly and securely.

Our partnership is focused on bolstering the BitGo Staking Service. Their service allows users to select from various supported assets, delegate them for staking, and view their rewards immediately after confirmation. BitGo handles the delegation to validators. The service includes features like one-click staking and a staked balance view, Luganodes is now one of these select validators for BitGo Staking.

Luganodes Partnership

Luganodes has established a strategic partnership with BitGo. Through this collaboration, BitGo clients gain the unique opportunity to engage in staking directly from within BitGo's custody solution, seamlessly and effortlessly. This integration showcases our commitment to providing innovative solutions for the wider Web3 community, empowering BitGo's clients to unlock the full potential of their digital assets, all while ensuring the highest standards of security and reliability.

BitGo elevates its services by integrating Luganodes' esteemed staking infrastructure. In this partnership, Luganodes expertly manages staking, operating nodes for BitGo and handling the intricate technical aspects. Importantly, this is carried out with utmost attention to security; clients' private keys stay securely in BitGo's custody, affirming a commitment to a trusted and safe staking experience.

As Luganodes and BitGo join forces, we are poised to revolutionise the staking landscape and offer a new level of convenience and efficiency to cryptocurrency investors and enthusiasts. Together, we are committed to shaping the future of digital asset management.

The BitGo Approach

For a security company in the crypto space, it is of utmost importance to build trust. Today BitGo has a concrete and well-trusted footing in the industry. This stems from their unique way of navigating the landscape. BitGo has a robust track record with no regulatory hurdles faced by the company. This achievement is attributed to their unwavering commitment to regulatory compliance and a proactive "regulatory first" approach. This mindset is something we at Luganodes share with our multiple compliances, audits and security reviews. This way we aim to create an environment of safety and security while the staking world is still in its nascent phases.

Conclusion

What drives the interest in BitGo is its clear and concise offering and stellar reputation. BitGo has successfully maintained the delicate balance between innovation and compliance, thereby preserving the ethos of digital assets. BitGo is poised to expand its services further, and Luganodes will continue to play a role in its expansion.

Work with Luganodes

Just like BitGo, your organisation can also take advantage of our top-tier Web3 infrastructure. As a rapidly expanding company, we are enthusiastic about forming new partnerships and cultivating enduring relationships. If our offerings resonate with your needs, please feel free to reach out to us at [email protected].

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 36+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

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