BitGo today announced the close of its $42.5 million Series B financing, led by Valor Equity Partners with participation from David Sacks, Bill Lee, and DRW. The funding will be used to accelerate the momentum of its technology among institutional investors. The company, which already powers $8 billion in digital transactions per month, has become an indispensable financial services partner to institutions worldwide. A growing customer base, including CME Group and The Royal Mint, leverage BitGo’s technology to add digital currencies to their global product mix.

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