BitGo and Swan Partner to Launch U.S.'s First Bitcoin-Only Trust Company

BitGo and Swan plan to form a Bitcoin-only trust company for custody without altcoin exposure
Combines BitGo's custody with Swan's onboarding and fraud prevention expertise
Would be the first Bitcoin-only trust company in the U.S.
Follows model of separating exchange and custody used in financial industry
Comes after Swan moving compliance from Prime Trust following its collapse
Follows BitGo raising $100M funding at $1.75B valuation after dropping Prime deal

coindesk.com

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