BitGo Announces Day‑One Custody Support for Robinhood Chain
BitGo Holdings Inc (NYSE:BTGO) saw its shares rise 2.1% in after‑hours trading on Wednesday after the company disclosed that it will provide day‑one custody support for the Robinhood Chain mainnet. Robinhood Chain is an Ethereum Layer‑2 network built on Arbitrum technology, intended for on‑chain financial services and tokenized real‑world assets.
The integration allows BitGo’s institutional clients—including exchanges, fintech firms, asset managers and other market participants—to create wallets, manage cryptographic keys and hold eligible ERC‑20 tokens on Robinhood Chain directly through BitGo’s platform. The service is available from the network’s launch and offers both hot and cold wallet capabilities built on BitGo’s multi‑signature architecture. Additional features include full wallet creation and key‑management functionality, ERC‑20 support for assets launching at mainnet, and native ETH transaction‑fee processing.
"Robinhood Chain is built for the next wave of on‑chain financial products: real‑world assets and stock tokens," said Akshay Thakur, Director of Product Management at BitGo. He added that BitGo has invested heavily in the integration, deploying smart contracts, updating the entire platform stack and establishing dedicated node infrastructure.
Robinhood Chain is described as a 24/7 blockchain‑based market infrastructure that enables interoperability between traditional finance and decentralized finance ecosystems.
BitGo delivers its services through BitGo, Inc. and its regulated subsidiaries, notably BitGo Bank & Trust, National Association, which operates as an OCC‑regulated digital‑asset trust bank.