BitGo, a renowned leader in institutional-grade cryptocurrency security solutions,
announced today that it has successfully secured a crypto custody licence in Germany,
signaling its commitment towards expanding its services across European markets.
The licence granted by the German Federal Financial Supervisory Authority (BaFin) allows BitGo
to offer regulated crypto custody services to clients based in Germany, adding additional layers
of trust and security to the rapidly growing cryptocurrency market in the country.
Cryptocurrency custody services are gaining considerable demand as digital currencies increasingly
become part of institutional investment portfolios. BitGo’s German licence will enable it to cater
to institutional clients comprising banks, asset managers, exchanges, and other financial service
providers that require secure storage solutions for their digital assets.
BitGo’s Chief Compliance Officer, Colin Goltra, expressed his excitement about the licence and
their commitment to providing compliant and regulated services, “Obtaining a licence from BaFin
is further validation of our commitment to the German and European markets. We look forward to
bringing our world-class security and custodial services to new European customers.”
BitGo’s innovative technology utilizes multi-signature protocols and industry-leading security
practices to protect digital assets in its custody. With this licence, institutional investors
in Germany can confidently trust BitGo as a reliable partner for safeguarding their cryptocurrencies,
knowing that the company adheres to stringent regulatory guidelines and operates under the supervision
of BaFin.