BitGo has announced new custodial entities in Switzerland and Germany. With the move, the Californian company is tapping into two important European centers for digital assets.

BitGo expands to Switzerland
(Image credit: BitGo)

 

BitGo is founding its first companies in Europe. The Californian company has announced new regulated entities for digital assets in Switzerland and Germany, allowing clients to select the jurisdiction that is the best fit for their business. The Swiss entity is headquartered in Zug. 

“We saw a lot of demand in Europe last year and it was clear that clients there needed to be able to work with European based firms that were regulated within specific jurisdictions,” commented Mike Belshe, CEO of BitGo.

He continued that Switzerland and Germany have both become important European centers for digital assets as well as for forward-thinking regulatory frameworks, saying: “Regulatory compliance is a prerequisite for our clients, and we have been impressed with the understanding and support of Swiss and German regulators.”

In 2018, BitGo launched BitGo Trust Company in the USA as the first qualified custodian purpose-built for storing digital assets. It offers clients comprehensive security, custody and liquidity solutions, and claims to have "pioneering multi-signature security". 

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