**Crypto Custodian BitGo Launches Regulated Platform for Web3 Tokens**
BitGo, a U.S.-based cryptocurrency custodian, has unveiled a regulated platform to manage and custody native tokens for Web3 protocols. Announced on Sept. 16, this new service aims to simplify token management for crypto-native organizations, including foundations and protocols.
The platform offers comprehensive solutions for token vesting, unlocking, distribution, staking, liquidity management, and tax reporting. BitGo's initiative addresses the complexities and security risks of self-custody, which often involves multiple providers and smart contracts.
BitGo’s custody service is insured up to $250 million against loss, theft, and misuse. This move comes as regulated digital asset custodians gain traction in the U.S., amid increasing scrutiny from the SEC on crypto investment managers.