BitGo

BitGo is a digital asset infrastructure company founded in 2013, now recognized as the largest independent digital asset custodian in the world. Headquartered in Sioux Falls, South Dakota and publicly listed on the New York Stock Exchange under the ticker BTGO since January 2026, BitGo operates as the operational backbone for thousands of institutional clients — exchanges, asset managers, banks, and corporations — seeking professional-grade infrastructure for managing digital assets at scale.

Origins and Mission

BitGo was founded in 2013 by Mike Belshe, Ben Davenport, Will O'Brien, and Bill Lee under the belief that digital assets would redefine the global financial system. Originally incorporated in Delaware as "Whensoon, Inc." before being renamed in 2014, the company pioneered multi-signature wallet technology for Bitcoin — a security architecture that requires multiple private keys to authorize a transaction, dramatically reducing the risk of theft or single points of failure. This innovation positioned BitGo as a trusted counterparty at the infrastructure layer of the emerging crypto economy from its earliest days.

The company's stated mission is to accelerate the transition of the existing financial system to a digital asset economy through a commitment to transparency, monetary freedom, and continuous, borderless markets.

Core Products and Services

BitGo's platform covers the full operational stack that institutional participants need to hold, move, trade, and earn on digital assets.

Custody and Wallets: BitGo offers both regulated qualified custody and self-custody hot wallet solutions, with cold and hot wallet configurations to suit different risk and liquidity requirements. The company's custody business is anchored by BitGo Bank & Trust, National Association — a federally chartered digital asset bank approved by the Office of the Comptroller of the Currency in December 2025. Alongside its earlier New York trust charter (2021) and South Dakota qualified custodian status (2018), this makes BitGo one of the most comprehensively regulated custodians in the industry.

BitGo Prime: An integrated prime services platform combining trading, OTC block trades, financing, collateral management, and settlement into a single operational flow. BitGo Prime connects institutional clients to global digital asset markets including exchanges and liquidity providers, and supports fiat-enabled trading and MiCAR-compliant operations through BitGo Europe.

Go Network: BitGo's institutional settlement network facilitates off-exchange settlement for major market participants, enabling real-time asset mobilization without requiring funds to sit on exchange hot wallets.

Staking and Yield: BitGo supports staking across more than 50 protocols, with over $25 billion in client assets staked on the platform. Clients can stake directly from custody or self-custody wallets, earning rewards while maintaining access to their assets and BitGo's insurance and compliance framework.

Stablecoin Infrastructure: BitGo provides infrastructure for holding, swapping, managing, and issuing stablecoins, including regulatory guidance for issuers. The company's Stablecoin-as-a-Service offering lets regulated platforms launch compliant stablecoin products on top of BitGo's infrastructure.

Crypto-as-a-Service: White-label wallet, trading, and payment infrastructure that allows third-party platforms to embed digital asset capabilities rapidly without building from scratch.

Solana Support

BitGo provides comprehensive support for the Solana ecosystem. The platform handles SPL tokens — Solana's native token standard — alongside ERC-20 tokens on Ethereum and other major networks. As of early 2026, BitGo covers 186 of the top 250 digital assets by market capitalization, making it one of the broadest asset coverage platforms in institutional custody.

On staking, BitGo supports JitoSOL, the largest liquid staking token on Solana. Institutional clients can convert SOL to JitoSOL directly from their custody or self-custody hot wallets, earning both staking rewards and MEV rewards while retaining qualified custody protection and insurance coverage. JitoSOL's SPL Stake Pool distributes stake across top-performing validators, supporting network decentralization, and has undergone nine independent security audits since 2021.

BitGo's Solana custody services have also attracted notable institutional clients. In October 2025, Solana Company (NASDAQ: HSDT) selected BitGo alongside Coinbase and Anchorage Digital to secure its SOL treasury holdings — a signal of institutional confidence in BitGo's regulated infrastructure for one of the most prominent Layer 1 networks.

Scale and Market Position

BitGo secures approximately 20% of all on-chain Bitcoin transactions by value. The platform manages over $100 billion in digital assets and serves more than 5,500 clients across more than 100 countries. In 2025, BitGo added support for 28 new blockchain networks, including Aptos, Berachain, Bittensor, Hyperliquid, Monad, and others, reflecting both strong demand and an ability to evaluate and integrate new ecosystems quickly.

The company went public on the NYSE in January 2026 — the first digital asset infrastructure company to achieve a public listing — raising $212 million in its IPO. Within months it was named to the 2026 Fortune 500, debuting at number 273 on the strength of $16.2 billion in 2025 revenue. This pace of growth reflects the maturation of institutional digital asset adoption and BitGo's central role in enabling it.

Funding and Regulatory History

BitGo raised $12 million in a 2014 Series A led by Redpoint Ventures, followed by a $42.5 million Series B in 2017 with participation from Goldman Sachs and Craft Ventures, and a $100 million Series C in 2023 at a $1.75 billion valuation. The company resolved a 2020 OFAC sanctions matter for approximately $98,830, related to transactions in restricted jurisdictions prior to 2016.

A proposed $1.2 billion acquisition by Galaxy Digital announced in 2021 was ultimately abandoned in 2022, with litigation over break fees that continued through the courts into 2025. BitGo instead pursued an independent path to public markets, completing its NYSE listing in January 2026 and relocating its headquarters from California to Sioux Falls, South Dakota.

Security Technology

BitGo was the first company to commercialize multi-signature wallets at scale and later developed Threshold Signature Scheme (TSS) technology — a cryptographic method that distributes key management across multiple parties without ever assembling a complete private key in one place. These innovations have become industry standards for institutional custody and underpin BitGo's core security architecture across all supported networks.