Odaily Planet Daily reported that WBTC (Wrapped Bitcoin) has successfully completed the transition to a geographically distributed custody structure! 🎉 According to the cooperation agreement between BitGo and BiT Global, the control of the underlying Bitcoin is now jointly held by Singapore, Hong Kong, China, and the United States. This new custody structure adopts a multi-signature agreement, which requires two signatures to approve any transaction and transfer funds from the wallet.

BiT Global said: "With diversified geographical jurisdictions including the United States, Hong Kong, China, and Singapore, we ensure that no single jurisdiction or entity controls the custody of WBTC assets alone." This move not only enhances the security of WBTC, but also adds confidence to the future development of Bitcoin. 🚀