- Brink’s Company partners with BitGo, enhancing secure logistics for global cryptocurrency custody services.
- Strategic partnership enables Brink’s to offer worldwide vaulting, reinforcing digital asset security.
- The collaboration aims to leverage BitGo’s blockchain prowess, expanding Brink’s footprint in digital finance.
The Brink’s Company, renowned for its secure cash transport services via armored vehicles, has entered into a strategic partnership and investment with BitGo, a company specializing in cryptocurrency custody.
As a result of this collaboration, Brink’s will serve as BitGo’s worldwide provider for secure logistics and vaulting services, according to Zac McKenna, Brink’s Digital Assets Manager.
Details of the agreement remain undisclosed, and there have been no changes to the board of directors for either company following this transaction, as confirmed by a spokesperson for the company to The Block.
“BitGo’s strong brand reputation, market position and long track record of success in the digital asset industry increases our presence in the fast-growing and evolving blockchain landscape.”
Zac McKenna, Bitgo Manager of Digital Assets
By registering, you consent to our Terms of Service and Privacy Policy. “The esteemed reputation, prominent market presence, and extensive history of success that BitGo has in the digital asset sector enhance our footprint in the rapidly growing and dynamic blockchain field,” stated McKenna. “Given the shift towards a more digitalized world, it was a natural progression for Brink’s, a worldwide frontrunner in physical security and logistics, to form an alliance with BitGo, a leading authority in the realm of digital asset safeguarding and custody.”
According to a statement from the company, BitGo supports over 1,500 clients in more than 50 countries.
Following a $100 million Series C funding round in August 2023, which was aimed at facilitating strategic purchases and broadening its international reach, BitGo’s valuation has reached $1.75 billion, as previously reported by The Block.
In August 2023, BitGo, headquartered in Palo Alto, California, intends to allocate its funding towards strategic purchases and international growth. This strategy was outlined by two individuals acquainted with the situation and from fundraising documents that The Block had access to.
