BitGo Bank & Trust Joins Kalshi Prime Network as Custodian

BitGo Bank & Trust, a subsidiary of BitGo Holdings, Inc., has become the first custodian for the Kalshi Prime network in a partnership with Kalshi. This collaboration enables institutional customers to borrow against digital assets held at BitGo to fund margin positions for futures on Kalshi's platform, allowing them to maintain bitcoin holdings while engaging in leveraged trading. The partnership employs a tri-party custody framework to facilitate these transactions.