BitGo is a leading institutional digital asset custody and security company, founded in 2013 by Mike Belshe. The company pioneered multi-signature wallet technology for Bitcoin and has grown into one of the most trusted custody providers in the cryptocurrency industry. BitGo processes a significant share of all on-chain Bitcoin transactions and provides custody, trading, and wallet infrastructure to exchanges, institutional investors, and enterprises.

BitGo Trust Company, a qualified custodian regulated by the South Dakota Division of Banking, provides regulated custody services for institutional clients. The company supports hundreds of digital assets and offers hot, warm, and cold wallet configurations to meet different security and liquidity requirements. BitGo's API and wallet platform powers many of the largest cryptocurrency exchanges and fintech companies.

In 2021, Galaxy Digital announced an acquisition of BitGo for approximately $1.2 billion, but the deal fell through in 2022, leading to litigation that was later settled. BitGo has continued to operate independently, expanding its product offerings to include trading, lending, staking, and portfolio management services for institutional clients. The company has raised over $100 million in venture capital.

Key Products

  • BitGo Trust — Regulated qualified custodian for digital assets
  • Multi-Signature Wallets — Industry-leading multi-sig security infrastructure
  • Trading & Settlement — Institutional OTC and settlement network
  • Wallet-as-a-Service — API-driven wallet infrastructure for exchanges and fintechs

Venture Capital Rounds

BitGo logo BitGo: $100 million - Series C

16-Aug-2023 | Infrastructure

Description: Institutional-grade digital asset custody, wallet, and infrastructure platform securing over $65 billion in assets under custody.

Investors: Undisclosed strategic investors

Headquartered: Palo Alto

Country: United States

BitGo logo BitGo: $ million - Undisclosed

4-Sep-2014 | Infrastructure

Investors: BitFury Capital

Headquartered: San Francisco

Country: United States

BitGo logo BitGo: $12 million - First

6-Jun-2014 | Infrastructure

Investors: Redpoint Ventures, Bitcoin Opportunity Corporation, Radar Partners, Liberty City Ventures, Crypto Currency Partners, A-Grade Investments, Jeffrey S. Skoll, Bill Lee, Founders Fund, Eric Hahn, Bridgescale Partners

Headquartered: San Francisco

Country: United States

BitGo logo BitGo: $2 million - Seed

7-Jan-2013 | Infrastructure

Investors: Bridgescale Partners, Eric Hahn, Jeff Skoll, Bill Lee, Others Undisclosed

Headquartered: San Francisco

Country: United States