Seychelles-based crypto exchange Bitget has become the controlling shareholder in decentralized multi-chain wallet BitKeep with a $30 million investment, according to a press release Tuesday.

Founded in 2018, BitKeep raised $15 million at a $100 million valuation last year in a funding round that was led by Dragonfly Ventures. The press release didn't disclose the valuation at the time of Bitget's investment, and BitKeep didn't immediately respond to a request for comment.

Bitget will use the BitKeep wallet within its exchange to improve stability and security of handling multiple assets across various blockchains.

"The investment deal implies not only financial but also technical support," BitKeep Chief Operating Officer Moka Han said in the release.

Bitget's token (GBG) was up 10% to 41 cents in the past 24 hours, according to CoinMarketCap.

Bitget investment Wallet Crypto Exchange

Oliver Knight

Oliver Knight joined CoinDesk as a news reporter in April 2022. Before joining CoinDesk, Knight was the Chief Reporter at Coin Rivet for three years. Having graduated with a journalism degree from Birmingham City University, Knight went on to work at various sports publications before diving into the world of Bitcoin in 2014. He does not have any crypto holdings.