House of Doge partners with Bitstamp for Dogecoin treasury custody

House of Doge, the corporate arm of the Dogecoin Foundation, announced a partnership with Bitstamp USA Inc. to use the Bitstamp by Robinhood platform (NASDAQ: HOOD) as the trading venue for the Official Dogecoin Treasury.

The Official Dogecoin Treasury was established with CleanCore Solutions, Inc. (NYSE American: ZONE) to provide stability and transparency for Dogecoin's ecosystem treasury. Under the partnership, the treasury will be held on Bitstamp by Robinhood's platform.

"We're excited that House of Doge and CleanCore have chosen Bitstamp by Robinhood as their home for trading and custody," said Nicola White, VP of Crypto Institutions at Robinhood. "With one of the strongest regulatory track records in crypto, we're proud to provide a secure and trusted platform to help grow the Dogecoin ecosystem."

Marco Margiotta, CEO of House of Doge, stated that the partnership aims to create groundwork for a Dogecoin financial ecosystem where holders can participate in economic utility applications. He noted that Bitstamp by Robinhood has been a trusted platform for Dogecoin investors.

House of Doge described itself as working to advance Dogecoin as a decentralized global currency by investing in infrastructure for everyday commerce use. The organization indicated this partnership follows other recent developments including licensing agreements and product partnerships.

Bitstamp USA Inc. operates under various regulatory licenses including a BitLicense in New York and money transmitter licenses in 41 states. The company is an indirect subsidiary of Robinhood Markets, Inc.

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