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BitGo

Provider
Crypto CustodyCrypto / Stablecoin

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 13 companies across 2 categories.

bitgo.com ↗Also analysed as a company — its own stack →
CategoriesCrypto Custody, Crypto / Stablecoin
Rank#3 of 24 in Crypto Custody
Buyers13 companies
HeadquartersSioux Falls, South Dakota, USA
Founded2013
FoundersMike Belshe, Ben Davenport, Will O'Brien, Bill Lee
RegulatoryConditional approval · Conversion to national bank

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Founders & story · from BitGo’s own dossier

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.

Latest round: IPO (NYSE: BTGO)
Recent developments
  • 2025-12Conditional approval · Conditional Approval 1353 · 2025-12-12 — BitGo Bank & Trust, conversion to national bank, OCC. Converts the South Dakota trust company behind BitGo's custody to a national bank. [charter] source ↗
  • 2026-03Launched unified digital asset financing platform (BitGo Prime) source ↗
  • 2026OCC approval to convert to federally chartered national trust bank source ↗
  • 2026Powers Aven Bitcoin Visa Card as custody/infrastructure provider source ↗
Full dossier: BitGo’s own stack, layer by layer →
Charter application · Conditional approval
BitGo Trust Company, Inc. → BitGo Bank & Trust · Conversion to national bank · OCC · Sioux Falls, SD · filed 2025-07-14.
Conditional approval · Conditional Approval 1353 · 2025-12-12
Converts the South Dakota trust company behind BitGo's custody to a national bank.
OCC letter ↗
Who uses BitGo
13 companies disclose BitGo in their stack
ZebpayFoldKastSoFiAvenBitcoinOsprey FundsFoxbitBitstampWorld Liberty FinancialKomainuLionsoul Global+1 more
Buyer mix · 13 of 13 classified
Fintech / Crypto · 7Fintech / Investment · 2Fintech / Neobank · 2Fintech / Consumer banking · 1Infrastructure / BaaS · 1
US · 6LATAM · 2APAC · 1EU · 1UK · 1
What the disclosures say
Zebpay
“BitGo publicly lists ZebPay as a customer on their case study page (bitgo.com/resources/case-studies) — TIER 1 authoritative.”
Fold
“BitGo publicly lists Fold as a customer on its case studies page (bitgo.com/resources/case-studies/), establishing BitGo as Fold's custody provider for bitcoin.”
Kast
“kast.xyz/about: 'We partner with industry-leading security providers including Fireblocks, BitGo' — named as custody/security partners.”
SoFi
“BusinessWire (April 2026) Big Business Banking launch names BitGo, Cumberland, Bullish, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments as initial participants, and references SoFiUSD stablecoin and Solana blockchain. sofi.com/legal lists Crypto as a product category. 22 Sep 2026 (Business Wire): stablecoin sett…”
Aven
“Bitcoin.com and PRNewswire articles confirm Aven's Bitcoin Visa Card launched April 2026. 'Bitcoin collateral sits with Bitgo, while Coastal Community Bank issues the Visa credit card.' Aven does not issue stablecoins or offer fiat/crypto conversion; it accepts BTC as collateral for a credit line.”
Bitcoin
“Fold Holdings 10-K names BitGo as Bitcoin custody and trading partner.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent BitGo? Claim this profile above to unlock your own full list.
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What BitGo runs on · from its own dossier
The third-party providers BitGo itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose BitGo.
Lending
affirm
Retirement / Wealth
guideline
KYC
Persona
Open Banking
Plaid
Full dossier with evidence for each layer →
Alternatives to BitGo

Other Crypto Custody providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Fireblocks33 buyers →Zero Hash14 buyers →Anchorage Digital5 buyers →Coinbase Custody3 buyers →Dfns3 buyers →Gemini3 buyers →Boerse Stuttgart Digital Custody2 buyers →BVNK2 buyers →
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Ranked #3 of 24 in Crypto Custody — Embedded Finance Index 2026
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BitGo — frequently asked

Which companies use BitGo?

13 companies disclose BitGo in their stack in the Embedded Finance Index 2026, including Zebpay, Fold, Kast, SoFi, Aven, Bitcoin, Osprey Funds, Foxbit, Bitstamp, World Liberty Financial and 2 others.

What does BitGo do?

BitGo is an embedded-finance provider in Crypto Custody and Crypto / Stablecoin. It ranks #3 of 24 Crypto Custody providers by disclosed buyers.

Is BitGo a bank?

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).

What are the alternatives to BitGo?

The most-disclosed Crypto Custody alternatives to BitGo are Fireblocks (33 buyers), Zero Hash (14 buyers), Anchorage Digital (5 buyers), Coinbase Custody (3 buyers), Dfns (3 buyers) and Gemini (3 buyers).

Who founded BitGo?

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.

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