TechFlow reports that on March 3, according to Crowdfundinsider, BitGo, a cryptocurrency custody service provider, announced the launch of its “Cryptocurrency-as-a-Service” (CaaS) offering in the European Economic Area (EEA) through its European subsidiary, BitGo Europe GmbH. The company received its Markets in Crypto-Assets Regulation (MiCA) license from Germany’s Federal Financial Supervisory Authority (BaFin) one year ago.
Founded in 2013, BitGo has long provided institutional clients with digital asset security, custody, and liquidity services, currently serving over 2,000 customers across more than 90 countries. Earlier this year, BitGo went public on the New York Stock Exchange (ticker: BTGO), with a current market capitalization of approximately $1.2 billion. BitGo Bank & Trust is the first federally chartered digital asset trust bank owned by a publicly traded company.
Mike Belshe, CEO and co-founder of BitGo, stated: “We are entering a new era of regulated cryptocurrency. Expanding our CaaS offering in Europe will accelerate time-to-market for cryptocurrency products—without compromising security or resilience.”
