Crypto wallet and custody provider – BitGo – announced adding of Stellar Lumens (XLM) to the list of the supported coins.
According to the company blog post, with this move, BitGo has become "the first multi-signature wallet and custodial solution on the market supporting the digital currency. " After this expansion, the service reportedly supports 115 crypto tokens.
"We’re continuously adding support for digital currencies that our clients express interest in, and lumens are a natural next addition. The Stellar network offers BitGo clients access to a public financial structure for cross-border transfers, making XLM an important new asset for investors," commented in press release Ben Chan, BitGo CTO.
The company spokesperson commented earlier that it would be an important business step since Stellar network might boost their service by an unmatched payment system. As he noted, the token's infrastructure brings easier cross-asset transfers of value.
For reference, multi-signature wallets for lumens must be created manually by the network's users earlier.
The company co-founder noted:
" As the leading institutional custodian service and business wallet in the market, BitGo provides a broad range of options for anyone interested in holding lumens. BitGo broadens institutional client exposure to Stellar by making it significantly easier and more secure to hold XLM. "