BitGo will provide custody and trading services for StableX Technologies as the Nasdaq-listed firm builds a $100 million digital asset treasury focused on stablecoin ecosystem tokens.
The partnership will see BitGo Bank & Trust act as custodian for StableX’s holdings while BitGo’s over-the-counter trading desk executes planned token purchases tied to the stablecoin sector.
“The partnership underscores BitGo's expanding role as the go-to infrastructure provider for a new wave of publicly traded companies building digital asset treasury strategies,”
Said BitGo chief revenue officer, Chen Fang.
Fang added that the StableX strategy “goes beyond Bitcoin-centric treasury strategies” and reflects growing institutional demand for custody infrastructure tied to stablecoin ecosystem tokens.
Shares of SBLX rose as much as 9% in afternoon trading following the announcement before closing the session about 1.6% higher.
StableX previously disclosed purchases of tokens including Chainlink and FLUID as part of its digital asset treasury build-out.
Interest in stablecoin infrastructure is rising as the global stablecoin market exceeds $314 billion, with companies such as Circle and PayPal expanding dollar-pegged tokens for blockchain-based payments.
Meanwhile, Western Union recently revealed plans for a stablecoin settlement system on Solana that will include a US Dollar Payment Token expected to launch in the first half of 2026.
At the time of reporting, Bitcoin price was $69,891.98.