Riot Platforms moves its Bitcoin custody from NYDIG to BitGo Bank & Trust

The Bitcoin miner is shifting its digital asset holdings to a federally chartered trust bank that recently bought part of its old custodian's business Riot Platforms has signed a custody agreement with BitGo Bank & Trust, National Association. The deal moves Riot’s digital assets out of NYDIG Trust Company LLC and into BitGo’s vaults. Under the arrangement, Riot (NASDAQ: RIOT) will transfer assets currently held at NYDIG Trust to BitGo. BitGo will then serve as the custodian for Riot’s digital assets going forward. Riot has not publicly released the specific terms of the agreement.

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