StableX Taps BitGo to Custody and Facilitate Up to $100 Million Stablecoin Treasury
The move leverages regulated custody plus liquidity access to support a compliance-first pivot from vehicle maker AYRO into stablecoin infrastructure investing.
Overview
- BitGo Trust Company will provide regulated cold storage for StableX’s digital assets under the new partnership.
- BitGo’s affiliated trading platforms will offer StableX access to deep liquidity for planned purchases focused on stablecoin-related tokens.
- The initiative covers up to $100 million in crypto acquisitions as part of StableX’s targeted treasury strategy rather than a fully deployed fund.
- The agreement builds on StableX’s September purchase of FLUID tokens and its August Nasdaq rebrand to SBLX following the shift from AYRO.
- Executive chairman Joshua Silverman said choosing an institutional custodian strengthens risk management and positions the company for long-term shareholder value.