BitGo (NYSE: $BTGO) has launched a new financing platform that allows institutions to borrow and lend against a range of cryptocurrency holdings.

The platform brings together features such as borrowing, lending, and collateral management, and removes the need for multiple counterparties.

Instead of setting aside collateral for individual loans, the platform uses a portfolio-based structure that allows clients to access liquidity from a pool of digital assets held in custody, such as Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH). 

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