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BitGo is a Blockchain security company .The company offers a multisignature bitcoin wallet service. In January 2015 BitGo announced the general availability of their Platform API, allowing developers to fully leverage the enterprise grade security features of BitGo’s multisig HD wallet in their own applications. The following month the company bought an insurance policy from XL Catlin against theft from its wallets. The February 25, 2015 BitBeat column from The Wall Street Journal described the policy as “a first for the digital currency industry that could pave the way for companies to provide greater assurances to customers that their bitcoins are safe.
In June 2015 the company launched the Verified by BitGo program, a “proof of reserve” service for bitcoin companies. In October 2015 the company published an open protocol for sharing keys between bitcoin service companies called the “Key Recovery Service”.