StableX launches $100 million stablecoin investment plan, with BitGo responsible for custody and trade execution

March 11 News: Nasdaq-listed company StableX announced a partnership with digital asset service provider BitGo. BitGo Bank & Trust, N.A. will be responsible for custody and operation of its crypto asset vaults, and will provide trading execution support through over-the-counter (OTC) platforms. This partnership will lay the infrastructure foundation for StableX’s plans to invest up to $100 million in stablecoin-related projects.

StableX is a publicly traded company focused on stablecoin infrastructure and blockchain financial technology. According to the company, its new fund management plan will primarily invest in digital assets related to the stablecoin ecosystem, not limited to traditional Bitcoin reserves. The company aims to build a digital asset portfolio targeting payments, settlement, and on-chain financial markets through this strategy.

Prior to this, StableX had already begun asset deployment. In October 2025, the company disclosed purchases of FLUID and LINK tokens from the Chainlink ecosystem, seen as early steps into stablecoins and on-chain financial infrastructure. The announced $100 million investment target indicates the company’s intention to further expand its participation in the stablecoin market structure.

BitGo Chief Revenue Officer Chen Fang stated that this collaboration reflects rising institutional interest in the stablecoin ecosystem. Compared to traditional crypto vault strategies centered on Bitcoin, more institutions are now focusing on opportunities in stablecoin issuance, payment networks, and on-chain liquidity infrastructure.

Following the announcement, StableX’s stock price rose about 9% intraday and closed with a gain of approximately 1.6%. Market analysts believe that institutional allocation of funds into stablecoin-related assets indicates a trend toward more specialized and professional digital asset strategies.

Founded in 2013, BitGo primarily provides institutional clients with digital asset custody, trading, and security infrastructure services. The company completed its initial public offering (IPO) on the New York Stock Exchange in January 2026, with an offering price of $18 per share. On its first trading day, the stock surged about 25%, followed by a correction.

As the stablecoin market continues to grow, related infrastructure is attracting increasing institutional attention. According to DefiLlama, the current global stablecoin market cap exceeds $314 billion. Meanwhile, many financial and tech companies are advancing stablecoin-related products, such as Circle’s USDC and PayPal’s PYUSD stablecoin for payments.

Industry experts believe that as stablecoins see increased use in cross-border payments, on-chain settlement, and digital financial applications, investment activity around stablecoin infrastructure is expected to heat up. Institutional custody and trading services will also become key supports for this market.