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BitGo and Crescite Announce Strategic Collaboration to Explore Faith-Based Blockchain Initiatives

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PALO ALTO, Calif.--(BUSINESS WIRE)--Today, BitGo, the digital asset infrastructure company, announced a strategic collaboration with Crescite Innovation Corporation, creator of the Catholic Token and a global leader in faith-based blockchain innovation.

BitGo and Crescite intend to collaborate on faith-based digital asset initiatives. As part of this strategic collaboration, the parties aim for BitGo to potentially provide secure custody, reserve management, and issuance infrastructure for Crescite’s proposed Catholic USD™ stablecoin and related projects, subject to regulatory review and definitive agreements.

Crescite’s Catholic USD™, which, upon development, would serve as is a 1:1 fiat-backed stablecoin that could be used for endowments, funding for global projects, church operations and treasury, and could be publicly available and listed on exchanges around the world. Additionally, BitGo and Crescite may work together to be the exclusive custodian of Catholic Token™.

BitGo’s digital asset infrastructure includes Stablecoin-as-a-Service, reserve management, smart contract infrastructure, qualified custody, trading, settlement and lending.

Faith Meets Finance: A Global Partnership for Digital Trust

The collaboration has the potential to result in a historic achievement in digital finance - blending the transparency of blockchain technology with the moral foundation of faith-based innovation.

Potential Strategic Elements of the Collaboration

  • BitGo’s Stablecoin-as-a-Service: BitGo Trust Company, a regulated South Dakota trust company, and its affiliates, could potentially serve as the exclusive issuer and custodian for all fiat reserves, smart contracts and issuance infrastructure backing Catholic USD™.
  • Token Integration: BitGo could potentially provide listing, custody, and vesting support for the Catholic Token™.
  • Institutional Liquidity: Crescite could potentially leverage BitGo Prime for electronic or over-the-counter (OTC) trading to optimize liquidity and cross-market stability.

Leadership Commentary

Edward Cullen, CEO and Co-Founder of Crescite Innovation Corporation and Catholic Token™, stated:

“This collaboration with BitGo marks the dawn of a new era where faith and technology work hand in hand to create ethical, transparent, and high-integrity financial systems. Together, we are exploring a bridge between spiritual capital and digital capital - ensuring the values that built our institutions now guide the technologies that will define our future.”

About BitGo, Inc.

BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, BitGo has been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of investors.

About Crescite Innovation Corporation

Crescite Innovation Corporation is a Tennessee-based digital asset company pioneering faith-based blockchain ecosystems. Its flagship projects include the Catholic Token™, the Build-a-Token™ platform, and the Crescite Stablecoin Series - designed to connect global communities, investors, and institutions through ethical tokenization, research, and on-chain governance. Crescite partners with major banks, universities, and technology leaders to create sustainable blockchain solutions for education, finance, and social impact.

Website: www.catholictoken.com

Contacts

BitGo, Inc.
press@bitgo.com

Industry:

BitGo

Release Versions
English

Contacts

BitGo, Inc.
press@bitgo.com

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