BitGo Introduces Lightning Earn to Empower Institutions to Participate In Lightning Network

BitGo Bank and Trust, National Association (“BitGo Bank & Trust”), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc.  (“BitGo”), announced Lightning Earn, a new offering enabling BitGo clients to deploy their bitcoin on the Lightning Network, powered by an integration with Amboss Technologies, a Lightning infrastructure company. The integration gives corporate bitcoin treasury companies and institutional allocators a secure path to participate in Lightning Network infrastructure and capture routing fees.

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Deploy Your Bitcoin Through Lightning Network Infrastructure

Lightning Earn is designed to enable institutions to deploy bitcoin as liquidity on the Lightning Network. Through BitGo’s integration with Amboss’s Rails product, participants can earn bitcoin-denominated fees by routing payments across the network and by providing liquidity to new payment destinations.

With this integration, clients, including corporate bitcoin treasury companies and institutional allocators, can now participate in the Lightning Network protocol and put their bitcoin to work. BitGo’s robust security controls, operational workflows, and governance infrastructure provide the institutional framework required to use BitGo’s integration with Rails with confidence.

BitGo Puts Its Own Bitcoin to Work

BitGo has also deployed bitcoin from its own treasury into Amboss Rails. The allocation is a direct expression of confidence in the product and in the broader opportunity for institutions to deploy their bitcoin in Lightning Network infrastructure.

“We believe rails gives our clients a credible way to deploy their bitcoin without compromising on custody or governance,” said Mike Belshe, CEO and Co-founder of BitGo. “We’ve allocated a portion of our own treasury to Rails, and we are excited to bring this capability to the institutions we serve.”

Jesse Shrader, CEO of Amboss, said: “BitGo’s integration of Rails sends a clear signal that Lightning is fit for institutions. With the capital brought by BitGo and their clients, Bitcoin can serve instant payments at enterprise scale while capturing the benefits of Lightning’s proliferation.”

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