Swan Bitcoin will partner with BitGo to launch a pure Bitcoin trust company.

Chane999

Financial reports state that Swan Bitcoin has announced plans to partner with BitGo to launch a "Bitcoin-only trust company," which will require regulatory approval before being rolled out to customers. Cory Klippsten, CEO of Swan Bitcoin, stated in a release that the plan may involve acquiring an existing trust company or establishing a new one. If the acquisition route is chosen, the goal is to launch by the first quarter of 2024. If a new company is established, the target is to launch by the third quarter of 2024.