“Can a crypto-native custodian become the regulated national trust bank at the base of the digital asset economy?”
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.
BitGo discloses BitGo Bank & Trust, N.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
BitGo has applied for a conversion to national bank charter for BitGo Trust Company, Inc. → BitGo Bank & Trust with the OCC. Status: conditional approval (2025-12-12). Until then its banking services run through BitGo Bank & Trust, N.A. (in-house).
BitGo moves money over ACH and SEPA.
BitGo uses Persona for KYC and identity verification.
BitGo's lending and capital products are provided by BitGo Prime (in-house) and affirm.
BitGo connects to bank accounts through Plaid.
BitGo's crypto products run on BitGo (self-operated), BitGo Bank & Trust, N.A. (in-house) and bitgo.
BitGo's investing and wealth products are powered by guideline.
The Embedded Finance Index 2026 maps 7 layers in BitGo's stack: Money movement (ACH and SEPA); Banking / BaaS (BitGo Bank & Trust, N.A. (in-house)); Lending (BitGo Prime (in-house) and affirm); Open banking (Plaid); KYC (Persona); Crypto (BitGo (self-operated), BitGo Bank & Trust, N.A. (in-house) and bitgo); Investing (guideline).
BitGo was founded by Mike Belshe, Ben Davenport, Will O'Brien and Bill Lee and is founded in 2013, headquartered in Sioux Falls, South Dakota, USA.
Get a read on where your own stack stands against BitGo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.