BitGo
BitGo secures institutional digital assets through regulated custody and multisignature technology.
BitGo is the largest independent digital asset custodian, securing approximately 20% of all on-chain Bitcoin transactions and holding over $100 billion in digital assets. The company provides a full-stack platform combining multisignature wallet technology, regulated custody, and prime brokerage services for institutions including banks, fintechs, hedge funds, and asset managers. BitGo pioneered multi-sig architecture that eliminates single points of failure, differentiating it from competitors by providing insurance-grade security with clear legal title to custodied assets.
Problem solved
Institutions need secure, regulated custody of digital assets with clear legal ownership and zero single points of failure to safely hold and manage crypto holdings at scale.
Target customer
Institutional investors including hedge funds, family offices, exchanges, public companies, banks, fintechs, and asset managers that require institutional-grade custody for Bitcoin, Ethereum, and other digital assets.
Founders
M
Mike Belshe
CEO & Co-Founder
Former senior engineer at Google (Chrome team), Netscape, and creator of SPDY protocol and HTTP/2.0; co-founded Lookout Software (acquired by Microsoft) in 2003.
B
Ben Davenport
Co-Founder & Chief Product Officer
W
Will O'Brien
Former Co-Founder & CEO
B
Bill Lee
Founding Board Member
Founding board member of SpaceX and early backer of Tesla.
Funding history
Series A
$12M
June 2014
Led by Redpoint Ventures
· Early investors in Tesla and SpaceX
Series B
$57.5M
2017-2018
Led by Goldman Sachs Growth
· DRW, Galaxy Digital
Series B Extension
$15M
October 2018
Led by Goldman Sachs
· Galaxy Digital
Series C
$100M
August 2023
Led by Multiple new U.S. and Asia investors
· Unknown
Total raised:
$170M
Pricing
Not publicly available. Fees calculated per custom Fee Schedule with 30 days advance notice for changes. Primary revenue from custody fees, prime brokerage, lending, staking, and settlement services.
Notable customers
Nike, Swan Bitcoin, Mysten, Rain (Middle East exchange), Lionsoul Global, FTX (bankruptcy custodian)
Integrations
BitGo Go Network (liquidity settlement), institutional banking partnerships, exchange infrastructure
Tech stack
React (JavaScript frameworks)
Gatsby (Static site generator)
Emotion (Development)
core-js (JavaScript libraries)
Webpack
Open Graph
Module Federation
Contentful (CMS)
HubSpot Analytics (Analytics)
Matomo Analytics (Analytics)
Google Analytics (Analytics)
HSTS (Security)
Google Workspace (Email)
Cloudflare (CDN)
HubSpot (Marketing automation)
Linkedin Ads (Advertising)
Google Tag Manager (Tag managers)
Amazon Web Services (PaaS)
Amazon SES (Email)
Website
Competitors
Coinbase
BitGo specializes exclusively in institutional custody with multisig architecture, while Coinbase offers broader retail and institutional services including exchange functionality.
Consensys
Consensys focuses on blockchain infrastructure and development tools, while BitGo focuses specifically on regulated digital asset custody and prime brokerage.
Coins.ph
Coins.ph is primarily a retail crypto exchange, while BitGo is an institutional-grade custodian serving funds and financial institutions.
Luno
Luno serves retail and emerging market users, while BitGo targets institutional clients requiring regulated custody and compliance infrastructure.
Why this matters: BitGo is the market leader in institutional crypto custody with 20% of on-chain Bitcoin transactions secured on its platform, making it the infrastructure backbone for institutions adopting digital assets. The company's pioneering multisig architecture and regulated custody model (with legal title to assets) have become the industry standard for eliminating the single points of failure that caused historical exchange failures like Mt. Gox.
Best for: Financial institutions, hedge funds, exchanges, and asset managers that require secure, regulated custody of digital assets with institutional-grade security and compliance.
Use cases
Institutional Bitcoin Treasury Management
Public companies and corporate treasurers use BitGo to securely hold Bitcoin reserves with multisig wallets that prevent unauthorized transfers and theft. The regulated custody framework provides clear ownership for financial reporting and audit purposes.
Exchange Custody Infrastructure
Cryptocurrency exchanges like Rain use BitGo as their qualified custodian to safely store customer deposits while maintaining regulatory compliance. This allows exchanges to focus on trading features while outsourcing security to an institutional provider.
Hedge Fund Digital Asset Allocation
Hedge funds allocate portions of portfolios to Bitcoin and Ethereum through BitGo's prime brokerage services, which combine custody, liquidity access, and financing on a single platform built for institutional risk management.
Digital Asset Bankruptcy Administration
BitGo provides custody services for digital assets in bankruptcy proceedings (e.g., FTX), ensuring secure custody and accurate accounting of seized or customer assets during legal processes.
Alternatives
Coinbase Custody
Coinbase offers broader institutional services but is part of a public exchange with trading conflicts of interest; BitGo remains independent and focused exclusively on custody.
Fidelity Digital Assets
Fidelity leverages legacy financial services brand but entered crypto space later; BitGo has deeper crypto infrastructure heritage and multisig expertise.
Kraken Custody
Kraken Custody is part of a public exchange; BitGo is independent and focused on institutional clients without trading market pressures.
FAQ
What does BitGo do? +
BitGo is the largest independent digital asset custodian providing secure storage and institutional services for Bitcoin, Ethereum, and other cryptocurrencies. The company uses multisignature wallet technology to eliminate single points of failure and offers regulated custody that takes legal title to assets, along with prime brokerage services including liquidity, financing, and settlement.
How much does BitGo cost? +
BitGo does not publicly disclose pricing. Fees vary based on assets under custody, transaction volume, and specific services (custody, prime brokerage, lending, staking). Contact BitGo directly for institutional pricing.
What are alternatives to BitGo? +
Coinbase Custody (broader exchange-integrated offering), Fidelity Digital Assets (traditional finance credibility), and Kraken Custody (exchange-based). BitGo's main differentiation is independence and multisig expertise.
Who uses BitGo? +
Institutions including hedge funds, family offices, exchanges, public companies, banks, and fintechs. Notable customers include Nike, Swan Bitcoin, Mysten, and Rain. As of 2025, BitGo serves 4,900+ clients across 100+ countries.
How does BitGo compare to Coinbase Custody? +
BitGo is independent and focused exclusively on custody with multisig technology, while Coinbase Custody is part of a public exchange offering. BitGo holds 20% of on-chain Bitcoin transactions and specializes in institutional prime brokerage, whereas Coinbase offers broader services including trading. BitGo's independence eliminates potential conflicts of interest.
Tags
digital asset custody
cryptocurrency
Bitcoin
institutional finance
multisig wallets
regulated custody
prime brokerage
crypto infrastructure
digital assets
institutional crypto