StableX Teams Up with BitGo for $100 Million Crypto Treasury
stablex Technologies has teamed up with BitGo to manage its $100 million crypto treasury. This move aims to tap into the decentralized finance (DeFi) sector, particularly stablecoin-related assets.
The partnership is a significant step for StableX, which is shifting from vehicle manufacturing to digital asset investment. BitGo will offer secure custody and liquidity access,ensuring compliance and robust infrastructure.
On October 14, StableX Technologies announced its collaboration with BitGo.This partnership will help StableX store and buy up to $100 million in crypto assets.
BitGo Trust Company will provide secure storage for these assets. Its trading platforms will also give StableX access to deep liquidity. The focus is on tokens that support the stablecoin ecosystem.
StableX, formerly AYRO Inc.,rebranded to StableX Technologies on August 25,2025. The company is moving away from vehicle manufacturing to focus on digital assets.The BitGo partnership is a key part of this transition.
StableX chose BitGo for its regulated status and institutional-grade security. Joshua Silverman,executive chairman of StableX,said,”Using a regulated custodian helps us manage risks and explore new opportunities in the crypto world.”
StableX’s first investment was in FLUID tokens, a decentralized exchange for stablecoin swaps. This aligns with StableX’s strategy to invest in foundational DeFi infrastructure.
