ATW Partners will invest $50 million in the stablecoin frxUSD through BitGo Custody

ATW Partners has launched a $50 million strategic initiative with Frax and BitGo, marking a significant step forward in the process of financial institutions adopting stablecoins. Under the agreement, ATW will allocate up to $50 million into the stablecoin frxUSD, with all assets securely custodized at BitGo Bank & Trust.

The reserve of frxUSD is fully backed by tokenized US Treasury bonds, through WisdomTree’s WTGXX fund on the FraxNet platform. This structure combines standard organizational risk governance with the speed and efficiency of on-chain capital flows.

This partnership allows companies in ATW’s portfolio to transfer USD globally 24/7, more transparently and quickly, while also demonstrating how traditional finance can integrate DeFi safely and effectively.