Wall Street Goldman Sachs emerged as the lead invertor of the $58 million Series B funding round in crypto custodian BitGo. Post this Series B funding round, BitGo has managed to raise a total of over $70 million. This funding also saw participation from Galaxy Digital Ventures, a cryptocurrency fund founded by hedge-fund titan Mike Novogratz. According to the report from Bloomberg, Galaxy Digital and Goldman Sachs together invested a total of $15 million.
The investments coming from two big institutions will further help BitGo to attract wealthy investors and big institutions to adopt its custodian solutions. In an interview with Bloomberg, BitGo co-founder and CEO talked about conquering the existing fears of crypto investments.