BitGo Custody Solution Gains Traction
September 13, 2018
South Dakota Division of Banking has approved BitGo Trust Company as a
public South Dakota Trust Company.
BitGo Trust Company is the first qualified custodian purpose-built for
storing digital assets. Built on BitGo's pioneering institutional-grade,
multi-signature security, BitGo Custody delivers modern security for
“Custody has been the missing piece of cryptocurrency market
infrastructure and this gap has kept institutional investors out of the
market,” said Mike Belshe, CEO, BitGo. “Traditional custodians don’t
have experience handling cryptocurrency. Exchanges that double as
custodians present a conflict of interest and raise regulatory concerns.
BitGo Trust Company is a qualified custodian, and therefore the only
custody offering that delivers the highest levels of both security and
Since 2013, BitGo has provided the only institutional-grade,
multi-signature, multi-coin hot wallet. BitGo Custody builds on BitGo’s
history as a leader in cryptocurrency security solutions for
institutional investors. BitGo Custody offerings provide the strict
policies, procedures, controls, and disclosures that are only guaranteed
with a qualified custodian. Earlier this year, BitGo announced that it
had completed a SOC 2 examination.
BitGo Custody delivers:
cold storage technology in bank-grade Class III vaults
Support for 75+ coins and tokens
BitGo Custody offers low setup and assets under custody (AUC) fees.
After a year, clients may be eligible for a fee credit if their AUC
balance is equal to or greater than it was during the prior 12-month