Guaranty Escrow, a provider of cryptocurrency-enabled real estate transactions, announced its partnership with BitGo, a digital asset custody and financial services infrastructure firm.
This collaboration positions Guaranty Escrow as the only licensed escrow company in the U.S. approved by BitGo, the companies said.
Through BitGo’s multi-signature wallet technology, 24/7 regulated custody, and financial infrastructure, Guaranty Escrow offers a process for buyers and sellers nationwide to leverage cryptocurrency in real estate.
“With BitGo as our trusted partner, Guaranty Escrow continues to set the standard for secure and innovative real estate crypto escrow services using digital assets,” Wendy Bond, CEO and president of Guaranty Escrow, said in a release. “Our clients can trust that their crypto transactions are protected by the highest standards in the industry, while we deliver the convenience and expertise they expect from a leader in digital transactions.”
BitGo supports more than 700 digital assets and secures approximately 20 percent of all on-chain Bitcoin transactions globally, making it an ideal partner for Guaranty Escrow as they extend secure crypto transaction services to all 50 states.
“Guaranty Escrow has shown tremendous leadership in driving cryptocurrency adoption within real estate,” said Nick Payton, vice president of marketing at BitGo. “As the first and only escrow company approved by BitGo, Guaranty Escrow exemplifies the security and innovation needed to expand the reach of digital assets in traditional markets. We’re excited to support them in setting new standards for secure, compliant real estate transactions.”