BitGo has unveiled a modular digital asset infrastructure designed specifically for banks, combining key crypto services such as custody, trading, settlement, staking, and stablecoin management in a single platform. This approach enables financial institutions to adopt individual components based on their operational capabilities and compliance requirements, maintaining control over governance and client interfaces.
The platform is already operational with several institutions, including Erebor Bank, Banco de Crédito del Perú, TowerBank, and InvestiFi. BitGo also offers “crypto-as-a-service” functionality, empowering banks to provide custody, wallet, and trading services under their own branding, enhancing customer trust and operational flexibility.
Founded in 2013, BitGo is a California-based firm that supports banks, exchanges, and institutional investors with comprehensive digital asset services. Recently, the company reported a significant increase in revenue driven by heightened trading volumes and expansion in its stablecoin sector, though it recorded a net loss attributable in part to fluctuations in the value of its Bitcoin holdings.
This launch fits into a broader industry trend where crypto infrastructure providers develop services tailored for traditional financial institutions exploring digital assets. For instance, Ripple expanded its prime brokerage offering following a major acquisition, Fireblocks launched platforms integrating stablecoins into onchain lending markets, and Anchorage Digital partnered with Grupo Salinas to enable stablecoin-based treasury management and cross-border payments in Latin America.
In parallel, crypto exchanges are pursuing regulated trust charters and banking licenses to expand custody and asset management services. Kraken’s parent company applied for a national trust company charter to strengthen its custody framework, evidencing growing institutional engagement with regulated digital asset services.