BitGo

Valkyrie partners with BitGo as custodian for its Bitcoin ETF, heralding industry-wide custodial diversification and intensifying the competitive landscape of spot Bitcoin ETFs.

BitGo's Singapore arm secures in-principle approval from MAS for a major payment institution licence, paving the way for non-retail investor trading. The firm plans to expand its cryptocurrency services in Singapore, targeting institutional clients with its innovative cold storage custody solution.

The decade-old crypto custody business said it could offer digital payment token services in the city-state once it obtains the full Major Payment Institution license.

BitGo's subsidiary in Singapore secures an in-principle approval for a Major Payment Institution license, aiming to provide regulated digital payment token services. Singapore's prominence as a crypto innovation hub drives BitGo's commitment to expanding services, leveraging the region's regulatory framework and business appeal. With a strategic financing of $100 million, BitGo aims for global expansion and strategic acquisitions, emphasizing its commitment to establishing a regional headquarters in Singapore.

BitGo and Goldman Sachs are partnering to develop secure, institutional-grade blockchain wallets, bridging traditional finance and the cryptocurrency world. This collaboration aims to enhance cryptocurrency adoption among financial institutions.

The acquisition follows a relatively recent fundingraising for BitGo and a partnership with South Korea's Hana Bank.

They hope to launch the venture in the second half of 2024

Three crypto custodians say they will be able to continue operating.