$BitGo Announces Support For Wormhole W's Native ERC-20 Governance Token

W

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According to BlockBeats, digital asset custody provider BitGo has announced its support for Wormhole's native ERC-20 governance token, W. Starting June 22, users can now store W tokens in self-managed hot wallets, custodial wallets, and cold wallets.

BitGo's decision to support W tokens expands the options for users to safely store their digital assets. This move is expected to increase the accessibility and usability of the W token, potentially leading to wider adoption of the Wormhole platform.

W token is the native ERC-20 governance token of the Wormhole platform. ERC-20 is the technical standard used for smart contracts on the Ethereum blockchain to implement tokens. Support from BitGo, a leading digital asset custody provider, is a significant step towards wider acceptance and use of W tokens.

BitGo's support of the W token is part of its ongoing commitment to providing secure and reliable digital asset storage solutions. The company offers a variety of services including hot wallets, which are online storage systems; custodial wallets, which are managed by third parties; and cold wallets, which are offline storage systems. This service provides users with various options to store their digital assets safely.

This announcement comes in line with the growth and development of the digital asset industry. As more users and businesses adopt digital assets, the need for secure storage solutions becomes increasingly important. BitGo's support of the W token is a testament to the company's dedication to meeting this growing demand. $W