BitGo Gets Trust License, Launches Crypto Custody Service

BitGo says the trust license lets it offer regulated and protected custody of crypto assets.

bitcoin

Cryptocurrency transaction processor BitGo has launched a crypto asset custody service after it received a public trust license from the state of South Dakota.

The custody service lets crypto asset investors store keys for digital assets with support for more than 75 coins and tokens, multi-user accounts and institutional policy controls. As a trust, BitGo is subject to meeting capital requirements, examinations by the division of banking and annual reporting requirements.

Shahla Ali, chief

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