Key Points
- BitGo becomes an official custodian under SIX Exchange Regulation Crypto-Asset Rule.
- The achievement aligns with the company’s mission to make crypto custody available worldwide.
BitGo announced that the company has been officially approved as a custodian under the new SIX Exchange Regulated Crypto-Asset Rule.
BitGo, headquartered in Palo Alto, California, is the leader in digital asset security, custody, and liquidity, offering operational backbone to over 1,500 institutional clients in over 50 countries, according to the team.
The list of clients includes regulated entities and top crypto exchanges and platforms all over the world.
Making Secure and Regulated Custody Available Worldwide
In an official statement via X, BitGo revealed that the new approval marks another milestone in its mission to make secure, regulated custody, available for clients worldwide.
BitGo Europe offers best-in-class regulated custodial solutions, backed by a $250 million insurance policy, according to the official announcement.
“As we continue to grow, we’re dedicated to ensuring the highest standards of security and compliance,” they noted.
SIX is a Swiss company that provides services in the securities, financial information, and payments business, catering to a broad international client base. It has over 4,000 employees in 19 countries on 5 continents who support financial institutions in accelerating growth.
On February 15, SIX Exchange Regulation published the new directive on crypto-assets as underlying instruments and a revised version of the additional rules for the listing of exchange-traded products, along with rules for the listing of derivatives.
BitGo also obtained a Major Payment Institution License in Singapore.
BitGo Regulated by the Monetary Authority of Singapore (MAS)
In August, BitGo also obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS).
Singapore’s regulatory framework supports commitment to offering regulated, secure, and compliant digital asset services to the region.
BitGo’s clients can buy and sell digital assets from BitGo’s insured cold storage solution built within a class III vault. Clients will also have access to aggregated liquidity and a platform for trading and custody.
Youngro Lee, the CEO of BitGo Singapore and Head of BitGo Asia said that the license marked a new era for BitGo’s international operations, enabling the platform to deliver crypto solutions to Asia clients and beyond.
