As such, BitGo offers two custodial solutions for digital assets:
Business Wallet, which is a multi-sig hot wallet, or a multi-signature, multi-coin transactional wallet. This service is provided by BitGo.
Custody, which is a cold storage and custody service, provided by qualified custodian BitGo Trust Company
The insurance company that is providing the USD 100 million cover is Lloyds of London, and the cover is meant for digital assets where the offline private keys are held 100% by BitGo or BitGo Trust Company. Accoring to the company, this is done in the event of third-party hacks or theft of private keys, insider theft by employees of private keys, and physical loss or damage of private keys.
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