American Marconi Wireless News - StableX Technologies Partners with BitGo to Secure and Scale Its $100 Million Digital Asset Treasury Strategy

Under the agreement, BitGo Trust Company, Inc. will act as the institutional-grade custodian for StableX's digital asset holdings, providing regulated, secure cold storage and comprehensive compliance oversight. In addition, BitGo's affiliated trading platforms will support StableX's planned acquisitions of various crypto assets, offering deep liquidity through BitGo's OTC desk.

This partnership follows StableX's recently announced initiative to invest up to $100 million in tokens powering the rapidly growing stablecoin industry. By integrating BitGo's regulated custody and market access solutions, StableX aims to strengthen the security, transparency, and scalability of its digital asset treasury strategy.

"Partnering with BitGo ensures that our digital asset operations are anchored in the highest standards of institutional security and compliance," said James Altucher, StableX's Digital Treasury Asset Manager. "This is a pivotal step in executing our growth strategy-one that allows us to responsibly manage digital assets while capitalizing on the long-term opportunities in the stablecoin ecosystem."

Mike Belshe, CEO and Co-founder of BitGo, added, "Digital asset treasury companies are expanding into increasingly diverse asset allocations. BitGo has always been at the forefront of securing innovative strategies across the industry, and we are excited to provide the infrastructure that keeps forward-looking strategies, like StableX's, safe and compliant."

The partnership reinforces StableX's commitment to building a diversified, professionally managed digital asset treasury designed to generate sustainable long-term value for shareholders.

About StableX Technologies, Inc.
StableX Technologies, Inc. (formerly AYRO, Inc.) is a publicly traded company focused on the acquisition and development of stablecoin assets, infrastructure and related technologies. The Company aims to deliver sustainable long-term returns by capitalizing on the expanding role of stablecoins in global commerce and finance. For more information, please visit the Company's website at www.stablextechnologies.com.

About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, BitGo has been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of investors. For more information, visit www.bitgo.com.

Forward-Looking Statements
This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as "anticipate," "believe," "could," "estimate," "intend," "expect," "may," "plan," "will," "would" and their opposites and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management and include, but are not limited to, the success of the Company's strategic review, the success of any new ventures it may pursue, including its digital asset strategy and the acquisition, development and integration of stablecoin assets, infrastructure and related technologies, and the Company's ability to realize returns by capitalizing on the expanding role of stablecoins in global commerce and finance. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: changes in digital asset regulations, market demand and adoption of stablecoins and related infrastructure; technological developments in the digital asset space; the Company's ability to determine new investment opportunities and its success in creating stockholder value; the Company's ability to execute its new business strategy with respect to digital assets; the Company's ability to maintain compliance with the Nasdaq Stock Market's listing standards; the Company has a history of losses and has never been profitable, and the Company expects to incur additional losses in the future and may never be profitable; the Company faces risks associated with litigation and claims; the Company's limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; the markets in which the Company operates are highly competitive, and the Company may not be successful in competing in these industries; the Company may be required to raise additional capital to fund its operations and any new endeavors, and such capital raising may be costly or difficult to obtain and could dilute the Company's stockholders' ownership interests, and the Company's long term capital requirements are subject to numerous risks. A discussion of these and other factors with respect to the Company is set forth in our most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q. Forward-looking statements speak only as of the date they are made, and the Company disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor inquiries:
CORE IR
[email protected]
516-222-2560

SOURCE: StableX Technologies, Inc.

View the original press release on ACCESS Newswire

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