<p>Cryptocurrency custodian BitGo has ventured into the staking space, supporting two tokens initially - Dash (DASH) and Algorand (ALGO).</p> <p>The new service means BitGo’s clients can now stake the two tokens and earn passive income in the range of 7-13% p.a., according to a press release shared with The Block on Thursday.</p> <p>“Staking provides our clients with returns on their investments without ever moving their assets out of custody,” said Ben Chan, chief technology officer of BitGo.</p> <p>The firm has also acquired staking infrastructure startup Hedge. <a href="https://www.theblockcrypto.com/tag/bitgo">BitGo</a> said it has integrated Hedge’s automated secure deployments, hardware security modules (HSMs) and secure cryptographic enclaves, to its staking platform.</p> <p>The acquisition will help BitGo deliver “an automated, end-to-end” staking service, said Chan.<br /> <br /> Last month, cryptocurrency exchange Binance also <a href="https://www.theblockcrypto.com/linked/41206/binance-launches-staking-platform-with-8-assets">launched</a> its staking platform with the support of eight coins, including ALGO. It recently <a href="https://www.theblockcrypto.com/linked/41531/binance-adds-staking-support-for-tron-becomes-super-representative-with-over-59-of-votes">added</a> support for TRON token as well for the platform. </p>