BitGo previously announced that it would become a minority shareholder in a new joint venture with Hong Kong-based BiT Global to provide "multi-jurisdictional and multi-institutional custody" for the WBTC business. The company also described the move as a "strategic partnership" between BitGo and Tron founder Justin Sun. In an interview, BitGo CEO Mike Belshe downplayed the impact of Justin Sun's involvement in the joint venture, emphasizing BitGo's long-term commitment to security, "BiTGlobal has a whole team of people managing multiple customer accounts and they have a responsibility to keep it safe. They can't lend money, they can't give money to Justin Sun, me or anyone else at will, or they will go to jail for breaking the law. In terms of certification, we have always had wbtc.network and that will continue to run." Regarding MakerDAO, Belshe expressed his willingness to assist with due diligence to allay any concerns. Yesterday, it was reported that BitGo has joined hands with BiTGlobal to form a joint venture aimed at expanding WBTC's custody and cold storage services to multiple jurisdictions.