Digital asset infrastructure firm BitGo (NYSE: $BTGO) announced the launch of BitGo Mint on Thursday.

According to the press release, the new platform was developed to provide institutional clients with a simple way to mint, redeem, and manage supported stablecoins and other digital assets.

As stablecoins become increasingly crucial to the global financial system, BitGo Mint will reportedly provide institutions with the means required to operate at a massive scale. 

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Management noted that this unified approach leverages BitGo’s existing regulated custody, policy controls, and compliance infrastructure. By centralizing, BitGo Mint reduces the need for institutions to coordinate across multiple service providers, fragmented systems, and manual processes.

The launch reflects BitGo’s broader strategy to build the required plumbing for more efficient institutional participation in digital assets. This includes specialized workflows that support the issuance, movement, settlement, and safekeeping of stablecoins. 

“Institutional clients want infrastructure that is operationally efficient, scalable, and built for control,” said Mike Belshe, CEO and Co-founder of BitGo. “BitGo Mint brings minting and redemption into a unified institutional workflow, helping clients reduce operational complexity while operating within the platform they already use.”

At launch, BitGo Mint will support the minting and redemption of USD1 (CRYPTO: $USD1) and SoFiUSD, both of which are supported by BitGo’s Stablecoin-as-a-Service offering.  

But, over time, BitGo expects to expand native support to additional assets, including tokenized financial products like money market funds.

Shares of BitGo are trading at $8.76, up 4.35 percent on the New York stock exchange.