HashKey and BitGo Expand Partnership for Institutional Staking of ETH and SOL

On October 6, 2026, HashKey Cloud and BitGo announced the expansion of their staking partnership to include institutional trading, asset custody, and the tokenization of real-world assets.

Ethereum and Solana became the first assets under the new agreement signed in Singapore during TOKEN2049. The expansion followed a July deal on institutional staking. HashKey Cloud will act as a validator for staking ETH and SOL, while BitGo will offer custody services to HashKey Capital funds after onboarding and separate agreements. BitGo will also serve as a custody partner for HashKey's real asset tokenization in the Asia-Pacific region. The agreement covers four areas: staking, institutional trading flow, custody, and tokenization. Services are limited to eligible clients and jurisdictions where the products are permitted. The companies did not disclose terms, timelines, initial clients, or expected assets.

As of the end of June 2026, BitGo was serving 5,833 clients with $65.2 billion in assets, of which $11.9 billion were in staking. Staking revenue for the second quarter was $64.7 million. BitGo's Singapore division holds a Major Payment Institution license from the local regulator. Previously, BitGo expanded its over-the-counter settlement agreement with OKX and completed the acquisition of NYDIG's institutional trading business on August 27. In the second quarter, BitGo's revenue was $4.33 billion with direct costs of $4.29 billion and a net loss of $19 million.