In the rapidly evolving world of digital assets, security, compliance, and institutional trust are more critical than ever. At the forefront of this transformation stands BitGo, a leading digital asset custodian and financial services provider trusted by exchanges, hedge funds, fintech firms, and even governments. With recent milestones including regulatory approvals, strategic partnerships, and expanded service offerings, BitGo continues to shape the future of secure crypto infrastructure.
This article explores BitGo’s pivotal role in the crypto ecosystem—from securing high-profile assets to enabling institutional-grade trading and custody solutions—while highlighting key developments that underscore its growing influence in 2025 and beyond.
BitGo Strengthens Global Reach with Regulatory Milestones
Regulatory compliance is a cornerstone of mainstream crypto adoption, and BitGo has made significant strides in this area.
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In May 2025, BitGo Europe received a MiCA (Markets in Crypto-Assets) license from Germany’s Federal Financial Supervisory Authority (BaFin). This landmark approval allows BitGo to offer regulated digital asset services across the European Union, positioning it as one of the first U.S.-linked custodians to meet stringent EU standards. The license enables BitGo to serve both crypto-native firms and traditional financial institutions such as banks and asset managers within the EU.
Additionally, BitGo Singapore received in-principle approval for a Major Payment Institution License from Singapore’s Monetary Authority (MAS). Once fully licensed, BitGo will provide regulated digital payment token services in one of Asia’s most advanced fintech hubs. These dual regulatory wins highlight BitGo’s commitment to operating within legal frameworks while expanding its global footprint.
Strategic Partnerships Fuel Institutional Adoption
BitGo has become a go-to partner for companies seeking secure, scalable custody and trading infrastructure.
🔐 Huobi HTX Collaboration
In June 2025, Huobi HTX announced a strategic partnership with BitGo to enhance its institutional security framework. By integrating BitGo’s custody and托管 (custodial) services, Huobi aims to deliver a safer, more efficient trading experience—particularly for large-volume clients who demand top-tier asset protection.
🏦 Galaxy Digital Adds Staking via BitGo
Galaxy Digital Holdings expanded its service suite by integrating with BitGo Trust Company to offer digital asset staking. This collaboration combines Galaxy’s blockchain infrastructure and lending expertise with BitGo’s secure custody solutions, enabling users to earn yield on their holdings without compromising safety.
🏦 Valkyrie Diversifies ETF Custody
Valkyrie became the first Bitcoin ETF provider to introduce dual custodianship, adding BitGo as a secondary custodian for its BRRR fund alongside Coinbase. This move enhances risk mitigation and demonstrates growing industry confidence in multi-layered security models.
High-Profile Clients Choose BitGo for Asset Security
From sovereign nations to major corporations, BitGo is trusted with billions in digital assets.
🇧🇹 Bhutan Government Stores ETH in Multi-Sig Wallet
In January 2025, Arkham Intelligence detected that the Kingdom of Bhutan transferred approximately 495.43 ETH (valued at $1.58 million) into a newly created multi-signature wallet hosted on BitGo. This move signals increasing governmental interest in secure, transparent blockchain-based asset management.
💼 Upexi Locks $100M in Solana
E-commerce firm Upexi entrusted BitGo with over **$100 million worth of Solana (SOL)** tokens. The company acquired 595,000 SOL at an average price of $135.22 per coin and plans to stake them for protocol rewards. Backed by a $100 million investment commitment from market maker GSR, this partnership showcases how enterprises leverage BitGo for both storage and yield generation.
🖥️ Matador Technologies Secures Bitcoin Holdings
Canadian tech firm Matador Technologies partnered with BitGo to store its growing Bitcoin reserves. As more companies adopt Bitcoin as a treasury asset, secure custodianship becomes essential—and BitGo offers the institutional-grade safeguards required.
Supporting Major Crypto Ecosystem Projects
BitGo plays a crucial role behind several high-impact blockchain initiatives.
🪙 WBTC Governance and Security
Wrapped Bitcoin (WBTC) remains one of the most widely used bridged assets in DeFi. In August 2024, TRON founder Sun Yuchen (Justin Sun) engaged in a public discussion with BitGo CEO Mike Belshe about WBTC’s future. They confirmed that existing minting, burning, and transparency protocols will remain unchanged under new stewardship by BiT Global.
Importantly, BitGo retains co-signing authority over WBTC transactions—a dual-signature model designed to preserve trust while improving operational efficiency. Belshe emphasized that “trust is the hardest currency in crypto,” reinforcing BitGo’s role as a guardian of decentralization and security.
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Enabling Recovery and Distribution in Post-Bankruptcy Scenarios
BitGo has also emerged as a critical player in resolving complex financial events in the crypto space.
💸 FTX Creditor Repayments
Following the FTX collapse, BitGo was named one of two official distribution partners—alongside Kraken—to disburse funds to creditors. Starting in February 2025, eligible claimants began receiving repayments via stablecoins or fiat through BitGo-managed channels.
However, not all regions are currently eligible. Creditors from countries including Egypt, Iran, Nigeria, Ukraine, China, Russia, and Saudi Arabia cannot yet receive direct allocations due to regulatory restrictions—though they may gain access to exchange accounts in the future.
The total value distributed in early rounds exceeded $1.2 billion, underscoring BitGo’s capacity to manage large-scale, compliant asset transfers.
⚖️ Mt. Gox Repayment Testing
In August 2024, Arkham detected test transactions between Mt. Gox trustee wallets and an address linked to BitGo—indicating BitGo’s involvement as the fifth and final exchange assisting in creditor repayments. A subsequent transfer of 33,105 BTC (worth ~$1.97 billion) further confirmed active fund movement ahead of full distribution.
These efforts place BitGo at the heart of some of crypto’s most sensitive financial restorations—where precision, security, and regulatory alignment are non-negotiable.
Expanding Services: From Custody to OTC Trading and Beyond
BitGo is no longer just a custodian—it's evolving into a full-service digital asset platform.
In February 2025, BitGo launched a global OTC (over-the-counter) trading desk, catering to institutional clients such as hedge funds and family offices. The new division offers:
- Spot trading
- Options execution
- Lending for margin trading
- Cross-jurisdictional support (including Hong Kong and the Middle East)
With reported trading volumes in the billions and lending exceeding $100 million, the OTC arm strengthens BitGo’s position as a comprehensive financial services provider.
There are also indications that BitGo is preparing for an IPO, signaling long-term growth ambitions and increased transparency for public investors.
Core Keywords Integrated Naturally
Throughout this article, we’ve woven in essential SEO keywords that reflect user search intent and industry relevance:
- Digital asset custody
- Institutional crypto security
- BitGo
- Multi-signature wallet
- Crypto OTC trading
- Stablecoin transactions
- Regulatory compliance (MiCA)
- Blockchain infrastructure
These terms appear contextually across sections to enhance discoverability without disrupting readability.
Frequently Asked Questions (FAQ)
Q: What is BitGo known for?
A: BitGo is best known as a leading digital asset custodian offering secure storage, institutional trading, staking, and regulatory-compliant financial services for cryptocurrencies.
Q: Is BitGo regulated?
A: Yes. As of 2025, BitGo holds or has received in-principle approval for licenses in key jurisdictions including Germany (under MiCA) and Singapore (under MAS), ensuring compliance with international financial standards.
Q: Which companies use BitGo for custody?
A: Notable clients include Valkyrie (Bitcoin ETF), Galaxy Digital, Upexi, Matador Technologies, and Huobi HTX. Governments like Bhutan have also utilized its services.
Q: Did BitGo play a role in FTX repayments?
A: Yes. BitGo was selected as one of two official distribution partners (with Kraken) to disburse funds to FTX creditors using stablecoins or fiat currency.
Q: Can individuals use BitGo directly?
A: While primarily serving institutions, individuals can access BitGo’s ecosystem indirectly through partner platforms like exchanges and ETFs that utilize its backend infrastructure.
Q: Is WBTC safe after governance changes?
A: According to BitGo CEO Mike Belshe, WBTC remains secure due to continued co-signing controls. The dual-signature model maintains oversight even under new management by BiT Global.
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With its blend of regulatory foresight, technological innovation, and deep industry partnerships, BitGo stands as a pillar of trust in the decentralized economy. Whether securing national digital reserves or enabling next-generation financial products, its impact will continue to grow in the years ahead.