Lif3 Announces Strategic Partnership with BitGo to Enhance Blockchain Security for Institutional DeFi Assets

The innovative multi-chain DeFi Layer-1 ecosystem Lif3 (LIF3/USD)(LIF3/USDt), which runs on Ethereum, Polygon, BNB Chain, and Fantom, is elated to announce its strategic alliance with BitGo, the most secure qualified institutional custodian in the market. As a result of this partnership, users globally will have greater security and accessibility to blockchain technologies. BitGo’s multi-signature technology is utilized by Lif3.com for custodial transactions, cold storage of Lif3 tokens, LSHARE tokens, and L3USD.

“We are pleased to support Lif3’s aim of increasing access to DeFi with our industry-leading, secure custody solutions. This partnership will provide Lif3 users peace of mind to confidently engage in the DeFi ecosystem,” says Mike Belshe, CEO of BitGo.
“This strategic collaboration not only enhances the safety of digital assets for institutional clients, but also instills a newfound confidence in the secure storage and transaction capabilities within the Lif3 ecosystem, setting a new gold standard for asset protection in the DeFi space. As an advocate for the LIF3 ecosystem, I’m most excited to harness BitGo’s renowned multi-signature institutional custodial solutions for the impeccable safeguarding of its core assets. Joining forces with BitGo, recognized as the industry standard in security, will help provide an innovative, unparalleled layer of security for Lif3 tokens, LSHARE tokens, and L3USD – utilizing BitGo’s cutting-edge cold storage technology. The relationship with BitGo spans over a decade as I have been using their products since 2013, where their product offerings have evolved from securing Bitcoin to creating Wrapped Bitcoin (WBTC), for example. It was an easy decision to help choose BitGo to secure Lif3’s ecosystem,” says Harry Yeh, Managing Director of Quantum FinTech Group.

This collaboration helps Lif3 realize its goal of providing users with a more straightforward, secure, and engaging experience. It also makes it easier for consumers to purchase DeFi using the “Lif3 Wallet,” which can be downloaded from the App Store and Google Play.

This BitGo news aligns with Lif3’s recent announcement regarding the Ethereum Migration and its strategic alliance with Layer Zero. The alliance aims to address the difficulties related to token bridging and provide a more secure and effective blockchain experience.

The “Lif3 Wallet” and Lif3.com remain a valuable resource for anybody with an interest in the fire of blockchain tech and defi. With its dedication to innovation and constant improvement, Lif3 is positioned to lead the way in reshaping the future digital economy. Its vision is to remove obstacles to the widespread adoption of cryptocurrencies by providing a one-stop shop for on-ramping, trading, investing, earning, gaming, and off-ramping through the Lif3 Mobile App.

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• Source: https://zycrypto.com/lif3-announces-strategic-partnership-with-bitgo-to-enhance-blockchain-security-for-institutional-defi-assets/