**BitGo Revolutionizes Token Management for Web3 Protocols**

BitGo has launched a regulated platform aimed at simplifying token management for Web3 protocols. Announced on September 16, this service addresses the fragmented and complex landscape of crypto projects, offering a secure and streamlined solution for managing native tokens. Early adopters include prominent names like Worldcoin and LayerZero.

The platform allows foundations and protocols to programmatically manage token distribution, benefiting investors, employees, and other stakeholders. By providing a regulated and insured custody solution, BitGo mitigates the risks associated with self-custody through on-chain wallets or smart contracts.

Security is a paramount concern for crypto projects, and BitGo ensures tokens are held safely with insured protection. This is particularly significant for projects like Worldcoin and LayerZero, which are among the first to trust BitGo’s new service. The platform covers everything from digital asset vesting and unlocking to seamless on-chain activities.

BitGo’s custodial token management service operates under the regulated confines of BitGo Trust, the firm’s qualified custodian offering. This enables projects to focus on innovation and growth without worrying about the technical complexities of token custody.

In summary, BitGo’s new service is a game-changer for the crypto world, setting a new standard in token management and security. As more projects like Worldcoin and LayerZero join, the industry becomes more organized and secure, paving the way for future developments in the Web3 space.