Digital Prime Technologies has completed the integration of its Tokenet platform with BitGo Bank & Trust, National Association, an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings (NYSE: BTGO), according to a press release.

The integration enables institutional clients to execute bilateral digital asset lending workflows, with BitGo Bank & Trust providing regulated custody and off-chain, real-time settlement through its Go Network offering. Client assets held in qualified custody are stored in offline cold storage and insured up to $250 million.

Tokenet's multi-custodian model now allows firms to manage collateral, execute loans, and access full lifecycle management — including recalls, returns, rerates, and mark-to-market — through their preferred custody provider. The addition of BitGo Bank & Trust builds on Tokenet's existing support for other custody solutions.

Digital Prime Technologies said it is also in advanced stages of integrating with BitGo Bank & Trust's tri-party solution, which the company said would extend Tokenet's collateral management capabilities.

EquiLend, a global financial technology firm serving the securities finance industry, serves as a distribution partner for Tokenet within the institutional lending community. BitGo Bank & Trust previously announced EquiLend as a digital asset partner for qualified custody and trading capabilities.

"Custody is foundational to digital assets, and we are pleased to announce another significant milestone in expanding client choice with the completion of Tokenet's integration with BitGo," said James Runnels, Co-Founder and CEO of Digital Prime Technologies.

"We're excited to partner with Digital Prime Technologies and EquiLend to provide the custody and settlement foundation that enables institutions to access lending workflows," said Adam Sporn, Head of Prime Brokerage and Institutional Sales at BitGo Bank & Trust.