Wrapped Bitcoin (WBTC) — a tokenized version of Bitcoin (BTC) that exists on the Ethereum network and is redeemable for BTC at a 1:1 ratio — has completed a shift to a geographically distributed custody structure. Control of the underlying Bitcoin will now be shared between Singapore, Hong Kong, and the United States in a partnership agreement between BitGo and BiT Global. The new custody structure uses a multisignature agreement, which requires two signatures to approve any transaction and shift funds from the wallet. Following the successful pivot to multi-jurisdiction custody, BiT Global is…