**News Flash: BitGo Expands Wrapped Bitcoin Custody Globally**

BitGo, a leading cryptocurrency custody platform, is transitioning its Wrapped Bitcoin (WBTC) business to a multi-jurisdictional and multi-institutional custody structure. Currently based in the U.S., BitGo will now include Hong Kong and Singapore in its custodial locations.

**Key Points:**

- Transition period: 60 days, ending October 8.

- Enhanced security: Multi-signature technology and cold storage will be distributed globally.

- Partnership: Joint venture with BiT Global and involvement of Tron Network and its founder, Justin Sun.

- Transparency: BitGo assures a frictionless transition without compromising security.

This move aims to bolster security and reduce risks associated with a single point of failure.