German Regulator Grants Digital Asset Custodian BitGo MiCA Licence for European Operations

BitGo has received a Markets in Crypto-Assets Regulation (MiCA) licence from Germany's financial services regulator BaFin, enabling the digital asset infrastructure provider to expand its services across the European Union.

The licence was granted to BitGo Europe GmbH, the company's Frankfurt-based European subsidiary established in 2023. The German entity serves as BitGo's European headquarters, with additional registrations in Italy, Spain, Poland and Greece.

BitGo's MiCA licence enables the company to serve both crypto-native firms and traditional financial institutions, including banks and investment managers, seeking regulated access to digital asset services. The certification allows BitGo to offer its full suite of institutional-grade solutions across the EU, including custody, wallets, staking, trading, financing and settlement services from regulated cold storage.

"As a global leader in digital asset infrastructure, regulatory compliance is at the core of our business. We are proud to receive our MiCA licence from BaFin, establishing our foothold in the European Union. This licence underscores our commitment to meeting the highest regulatory standards while fostering trust and innovation in the digital asset space. We are excited to support the continued growth of crypto adoption in Europe," said Harald Patt, Managing Director of BitGo Europe GmbH.

The timing of the licence approval aligns with BitGo's broader product expansion strategy, as the company continues to broaden its institutional-grade digital asset solutions. Since MiCA's introduction, the European digital asset industry has witnessed increased regulatory approvals and innovation across various sectors, from staking services to stablecoin operations. In March this year, Crossover Markets announced that it has partnered with BitGo to integrate Crossover's anonymous execution platform with BitGo Trust's regulatory-approved custody services and Go Network clearing solution

BitGo, founded in 2013, has established itself as a significant player in the global digital asset infrastructure space. The company handles a substantial portion of Bitcoin network transactions and positions itself as the largest independent digital asset custodian and staking provider worldwide.

With the European licence, BitGo can capitalise on growing institutional demand for compliant digital asset services across the EU market. The company serves many of the industry's leading brands, exchanges and platforms, providing the operational backbone for a significant portion of the digital economy.