StableX Technologies, Inc. (NASDAQ:SBLX) jumped 20% on Tuesday after announcing a strategic partnership with BitGo to secure and manage its $100 million digital asset treasury.
As part of the agreement, BitGo Trust Company will act as institutional custodian for StableX’s crypto holdings, offering regulated cold storage solutions and compliance oversight. Additionally, BitGo’s affiliated trading platforms will facilitate StableX’s planned crypto acquisitions through its OTC desk.
The announcement follows StableX’s recent commitment to invest up to $100 million in assets that support the stablecoin ecosystem. The partnership is intended to bolster security, transparency, and operational scale for the company’s growing digital 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 that the company is “excited to provide the infrastructure that keeps forward-looking strategies, like StableX’s, safe and compliant.”
The deal underscores StableX’s push to build a diversified, secure digital asset treasury designed to deliver sustainable long-term value to its shareholders.
StableX Technologies stock price
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