Coreum Partners with BitGo to Fortify Enterprise-Grade Blockchain Security

Coreum, the pioneering layer-1 blockchain designed for enterprises, has officially announced a strategic partnership with BitGo, a global leader in digital asset security. This collaboration aims to propel Coreum’s global expansion by establishing a secure gateway to its advanced technology for established institutions worldwide.

Coreum distinguishes itself with a developer-centric approach, providing an infrastructure designed for the rapid deployment of decentralized applications. Emphasizing optimal performance and adaptability to diverse enterprise needs, Coreum positions itself as a comprehensive solution, blending cutting-edge technology with unparalleled security for efficient global enterprise operations.

As an Enterprise-Grade Blockchain (EGB), Coreum is engineered to provide infrastructure compatible with regulatory frameworks. It incorporates optional on-chain KYC metadata and ensures compatibility with the ISO20022 payment messaging standard. This compliance is achieved without compromising competitive Layer-1 features, including high throughput, security, interoperability, and scalability. The EGB also facilitates real-time settlements with transaction details, maintaining confidentiality of involved parties—a crucial value proposition for enterprises seeking secure and trustworthy blockchain infrastructure.

By integrating BitGo’s custody services, Coreum enhances its security layers, gaining access to an extensive network of institutions fostering blockchain technology adoption across various sectors. Coreum’s technology offers innovative solutions in custom payments, rewards programs, tokenization of equity and securities, and peer-to-peer insurance products, paving the way for the next generation of programmable blockchain assets.

Bob Ras, CEO of Sologenic and co-creator of Coreum, highlighted the role of businesses in the global economy and their integral part in blockchain adoption. “Coreum’s prioritization of enterprises is not only complemented by BitGo’s commitment to providing safe and secure access to digital assets but also by Coreum’s sister company, Sologenic’s recent launch of SoloNex, a platform enabling the tokenization and issuance of assets for institutions and enterprises alike. As an ecosystem, we are driving the narrative for the enterprise adoption of blockchain.“

BitGo’s Trust Company, Inc., subject to regular audits by regulatory authorities, adheres to high standards for capitalization, anti-money laundering, confidentiality, and more. Coreum’s alignment with a regulatory-friendly framework ensures secure on-chain token operations, KYC features, diverse asset support, and an integrated decentralized exchange (DEX) with an organic order book and Automatic Market Making (AMM).

Chen Fang, COO of BitGo, stated, “Our partnership with Coreum aligns with BitGo’s ongoing efforts to enhance the digital asset landscape, prioritizing our clients’ safety. This collaboration embodies our dedication to enhancing the blockchain ecosystem, and as always, the safety and trust of our clients remain paramount.“

About Coreum

Coreum, the world’s first Superledger, is a 3rd-generation, layer-1 blockchain designed for enterprises of any size. With a transactional speed of up to 7,000 TPS and ISO20022 compliance, Coreum ensures expedient and economical transactions across a swift and secure PoS network. As an Enterprise-Grade Blockchain (EGB), Coreum introduces a new layer of programmability with ‘Smart Tokens,’ enabling robust use cases through WASM-based smart contracts, including tokenized Real World Assets (RWA) and Neobanking applications.

About BitGo

BitGo is a leading provider of secure and scalable solutions for the digital asset economy, safeguarding over 600 tokens across various blockchains. Serving as the operational backbone for over 1,500 institutional clients in more than 50 countries, BitGo is dedicated to enhancing the safety and trust in the digital asset landscape.

Image by JuniperPhoton from Unsplash

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