BitGo
Also a provider — view BitGo’s profile →“Can a crypto-native custodian become the regulated national trust bank at the base of the digital asset economy?”
Founded2013
HQSioux Falls, South Dakota, USA
FoundersMike Belshe, Ben Davenport, Will O'Brien, Bill Lee
Latest roundIPO (NYSE: BTGO)
IndustryInfrastructure / Crypto Custody
The story
Founded 2013 as a multi-signature Bitcoin wallet provider, BitGo pivoted upward into institutional-grade qualified custody with the launch of its South Dakota trust company in 2018 and Prime brokerage in 2020. In 2025 it went public (NYSE: BTGO), and in 2026 secured OCC approval to convert into a federally chartered national trust bank — positioning itself as the regulated digital-asset infrastructure layer for banks, fintechs, and asset managers.
Product timeline
2013
Founded; first to commercialize multi-signature Bitcoin wallets· pivot
2018
Launched BitGo Trust Company (South Dakota) as qualified custodian· banking
2020
Launched BitGo Prime for institutional trading and lending· lending
2025
IPO on NYSE under ticker BTGO· ipo
2026
OCC approval to convert to federally chartered national trust bank (BitGo Bank & Trust, N.A.)· banking
2026
Launched unified on-platform digital asset financing platform combining borrowing, lending, and collateral management· lending
Regulated entities
6
regulatory licences held by BitGo
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
8 layers disclosed in BitGo’s embedded-finance stack
Banking / BaaS
in the full report
Card network
in the full report
Lending
in the full report
Open banking
in the full report
KYC
in the full report
Crypto
in the full report
Investing
in the full report
Accounting gap: none
11 more providers across 7 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.