what's BiT Global?

BiT Global is a global digital asset custodian offering institutional-grade custody solutions for cryptocurrencies like Bitcoin. It emphasizes security through cold storage, multi-signature wallets, and geographic distribution of keys across jurisdictions such as Hong Kong, Singapore, and the US to mitigate risks like regulatory seizures or operational failures.[[2]](https://bitgc.io/)[[3]](https://bitgc.io/about-us) The company partners with established custodians like BitGo to provide multi-sig arrangements for assets including wrapped Bitcoin (wBTC), ensuring 1:1 backing and enhanced compliance. This setup distributes control among multiple entities, reducing single points of failure in the custody chain.[[4]](https://www.bitgo.com/resources/blog/bitgo-to-move-wbtc-to-multi-jurisdictional-custody-to-accelerate-global)