Brink's partners up with crypto custody firm BitGo after making new investment

Quick Take

  • Brink’s Company, a firm known for its armored trucks carrying cash, has partnered with and made an investment in crypto custody firm BitGo. 
  • Brink’s will become BitGo’s global secure logistics and vaulting provider through the partnership. 

Brink's Company, a firm known for its armored trucks carrying cash, has made a strategic investment in and partnered with crypto custody firm BitGo.

Brink's will become BitGo's global secure logistics and vaulting provider as part of the firm's partnership, the firm's Manager of Digital Assets Zac McKenna said in a statement.

The deal terms were not disclosed, and the board of directors for either firm has not changed following the investment, a company spokesperson told The Block. 

'Increasingly digital world'


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"BitGo’s strong brand reputation, market position and long track record of success in the digital asset industry increases our presence in the fast-growing and evolving blockchain landscape," McKenna said. "In an increasingly digital world, it was a logical next step for Brink’s, the global leader in physical security and logistics, to partner with BitGo, the leader in digital asset security and custody."

BitGo maintains more than 1,500 clients across 50 countries, according to a company statement.

BitGo's valuation sits at $1.75 billion after a $100 million Series C round in August 2023, which the firm used to fund strategic acquisitions and global expansion, The Block previously reported. 

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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.