Digital asset custody provider BitGo announces support for Stacks’ Nakamoto and sBTC upgrades

BlockBeats reported that on July 19, digital asset custody provider BitGo announced support for Stacks’ Nakamoto and sBTC upgrades. BitGo is the signer of WBTC on Ethereum and will become one of dozens of institutional signers of sBTC.

After the sBTC upgrade, users can safely map BTC to sBTC on the Stacks network in a decentralized manner, achieving transaction speeds in seconds and fully unleashing the economic potential of BTC.

Stacks co-founder muneeb said, “This is a big step forward for Bitcoin L2.”