BitGo Expands Institutional Access To DeFi With HyperEVM Integration In Hyperliquid Ecosystem
In Brief
BitGo introduces full HyperEVM support, providing secure custody and self-custody for accessing Hyperliquid’s ecosystem, including governance assets and dApps.
Provider of digital asset infrastructure, BitGo announced its support for HyperEVM, the Ethereum-compatible smart contract layer within the Hyperliquid ecosystem. Through this integration, clients can securely custody and interact with assets on HyperEVM, including HYPE, the ecosystem’s native token.
Hyperliquid is designed to offer users high-performance, low-fee on-chain trading and advanced perpetual contracts. HyperEVM allows developers to create complex applications with direct access to native liquidity, fostering new opportunities in decentralized finance (DeFi).
BitGo provides institutions with secure infrastructure for safeguarding HYPE, offering regulated qualified custody as well as self-custody solutions through both cold and hot wallets. Its established security protocols and technology enable clients to retain operational control of their assets while applying customizable policies for whitelists and spending limits. According to BitGo, this custody solution is essential for institutional participants seeking access to platform offerings such as stablecoins, staking products, collateral management, and wealth management services. The integration with Hyperliquid facilitates easier engagement with decentralized applications (dApps) and governance features for institutional investors.
BitGo’s support for Hyperliquid reflects its ongoing commitment to providing secure access to innovative blockchain ecosystems. The integration coincides with Anchorage Digital Bank’s recent announcement of HYPE support, underscoring a growing trend of institutional participation in Hyperliquid driven by reliable custody solutions.
BitGo Integration Strengthens Hyperliquid’s HyperEVM, Boosting Security And Institutional Access To DeFi
Hyperliquid’s HyperEVM functions as a critical smart contract layer that supports DeFi applications while maintaining compatibility with Ethereum. The integration of BitGo’s secure custody infrastructure is expected to enhance the overall security and functionality of the Hyperliquid ecosystem. Hyperliquid’s Layer 1 blockchain currently holds over $2.53 billion in total value locked, with a stablecoin market capitalization of $5.58 billion.
BitGo’s involvement is particularly important as the DeFi sector continues to expand, providing institutional clients with a secure environment to engage with DeFi, a growing segment of the cryptocurrency market. The integration enables investors to interact safely with assets within Hyperliquid’s platform, meeting increasing demand for reliable and compliant infrastructure.
Rising interest in HYPE, Hyperliquid’s native token, reflects a broader trend of institutional attention toward DeFi. Recent figures indicate that open interest in HYPE has reached $2.17 billion, highlighting growing confidence and adoption of the Hyperliquid ecosystem.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
