BitGo Bank & Trust

BitGo Bank & Trust is the regulated banking and trust subsidiary of BitGo, a California-founded digital-asset financial services company best known for institutional cryptocurrency custody, wallets, and settlement infrastructure. The entity exists to give BitGo's institutional clients a federally chartered, trust-company wrapper for holding digital assets — a structure that many US institutional investors, funds, and fiduciaries require before they can custody crypto assets. BitGo itself was founded in 2013 in the San Francisco Bay Area by Mike Belshe and Ben Davenport, and grew into one of the largest independent digital-asset custodians, offering multi-signature wallets, cold storage, staking, trading, and settlement services. As regulators and institutional clients demanded bank-grade custody, BitGo pursued trust-company charters; it established BitGo Trust Company in South Dakota and later obtained a national trust bank charter, operating as BitGo Bank & Trust, National Association, supervised by the Office of the Comptroller of the Currency. The brand's offering is narrow and B2B: qualified custody of crypto assets, custodial accounts for institutional and fiduciary clients, and related trust and settlement services that plug into BitGo's broader platform. It does not operate as a retail consumer bank. Its positioning rests on regulatory compliance, segregation of client assets, and the credibility of a national trust charter — differentiators in a market where counterparty and custody risk are central concerns. BitGo has remained privately held, backed by venture and strategic investors, and has publicly explored a public listing. BitGo Bank & Trust should be understood as a regulated sub-brand of that parent rather than a standalone consumer brand.

BitGo was founded in 2013 by Mike Belshe and Ben Davenport in the San Francisco Bay Area, initially focused on multi-signature bitcoin wallets and security infrastructure for institutional holders. As the company grew into a custody and settlement provider for exchanges, funds, and brokers, institutional demand shifted toward regulated custody structures that satisfy fiduciary and compliance requirements. To meet that demand, BitGo established a South Dakota trust company, BitGo Trust Company, taking advantage of the state's trust-friendly regulatory regime. It subsequently pursued a national trust bank charter and began operating as BitGo Bank & Trust, National Association, supervised by the Office of the Comptroller of the Currency — one of a small group of crypto-focused firms to obtain such a federal charter. The charter allowed BitGo to offer qualified custody under a nationally regulated banking entity rather than only state trust or non-bank structures. Through the 2020s BitGo expanded its platform — staking, trading, stablecoin infrastructure, and wallet-as-a-service — while the bank and trust arm remained the regulated custody anchor for institutional clients. BitGo has remained privately held with venture and strategic backing and has publicly explored a public listing. The Bank & Trust sub-brand's history is therefore tightly bound to the parent's evolution from wallet software to regulated financial infrastructure.

• 2013

  BitGo founded by Mike Belshe and Ben Davenport in the San Francisco Bay Area.

• BitGo Trust Company established in South Dakota to provide regulated crypto custody.

• BitGo obtains a national trust bank charter and operates as BitGo Bank & Trust, National Association under OCC supervision.

Regulated, bank-grade qualified custody for institutional digital-asset holders, positioned on compliance and asset segregation rather than retail banking.

• Qualified digital-asset custody

  Federally chartered trust custody of crypto assets for institutional and fiduciary clients.

• Institutional custodial accounts

  Segregated custody accounts integrated with BitGo's wallet and settlement platform.

1. 1BitGo official websitebitgo.com
2. 2BitGo Trustbitgo.com
3. 3World Liberty Financial launches USD1 on Canton Networkcfotech.news