StableX advances $100m crypto treasury play with BitGo alliance

StableX is using BitGo’s secure infrastructure as the foundation for its $100 million treasury, which is aimed at gaining exposure to the growing decentralized finance ecosystem.

According to a press release dated Oct. 14, StableX Technologies has formally partnered with digital asset infrastructure firm BitGo to custody and facilitate the acquisition of up to $100 million in cryptocurrency.

The deal will see BitGo Trust Company provide regulated cold storage for the assets, while its affiliated trading platforms will give StableX access to deep liquidity for its planned purchases, which are focused on tokens underpinning the stablecoin ecosystem.

StableX’s stablecoin strategy takes shape

StableX’s alliance with BitGo is the latest tactical move in the company’s rapid transformation from a specialty vehicle manufacturer to a focused digital asset investor. The company, formerly known as AYRO Inc., officially rebranded to StableX Technologies and changed its Nasdaq ticker to ‘SBLX’ on August 25, 2025.

This corporate overhaul was announced just a week after the initial revelation of its ambitious $100 million treasury strategy in early August, signaling a decisive pivot into the crypto economy.

For StableX, the selection of BitGo was a deliberate choice centered on institutional-grade security and regulatory compliance. In a statement, the company’s executive chairman, Joshua Silverman, emphasized that the custodian’s regulated status was critical for both risk mitigation and future growth.

The BitGo partnership follows StableX’s first concrete step into executing its strategy: the acquisition of FLUID tokens, announced on September 9. FLUID, a decentralized exchange focused on stablecoin swaps, represents the “picks and shovels” approach StableX is pursuing.

The company highlighted FLUID’s rapid growth, including capturing 31% of all stablecoin swap volume and generating millions in monthly fees, as a textbook example of the foundational infrastructure it seeks to invest in.