BitGo secures federal bank charter milestone

BitGo said it has become the first publicly traded digital asset infrastructure firm to receive a US federal bank charter following regulatory approval and its recent New York Stock Exchange listing.

The company said final approval from the Office of the Comptroller of the Currency allows it to operate as a national trust bank under a single regulatory framework across all 50 US states.

“Becoming a public company and a federally chartered national trust bank represents the culmination of more than a decade of building regulated, institutional-grade digital asset infrastructure,”

Said Mike Belshe.

BitGo said the dual milestones strengthen transparency, governance and accountability while positioning the firm at the highest level of regulatory standing in the digital asset industry.

Founded in 2013, the company provides custody, wallet infrastructure, settlement, trading, financing, stablecoin and staking services to institutional clients including asset managers, exchanges and corporate treasuries.

Belshe said the combination of public company oversight and federal regulation reflects a broader shift toward regulated infrastructure as digital assets integrate into mainstream finance.

BitGo said it plans to continue investing in product expansion, security and regulatory capabilities to support long-term institutional adoption of digital assets.