BitGo, a premier Bitcoin and cryptocurrency custody provider, announced today the successful closure of its $100 million Series C funding round, elevating its valuation to **$1.75 billion**. The capital will drive global expansion of BitGo’s regulated custody, wallet, and infrastructure services, alongside strategic acquisitions.
"Trust is not given, it is earned. We’ve consistently delivered custodial leadership for over a decade. This funding enables us to scale solutions for institutional demand worldwide."
— BitGo CEO Mike Belshe
Key Growth Metrics
BitGo’s 2023 highlights include:
- 60% increase in new client onboarding
- 20% rise in Assets Under Custody (AUC)
- 200% growth in fiat custody operations
- 40x surge in staked assets
👉 Discover how BitGo’s infrastructure supports institutional crypto adoption
Institutional Adoption and Innovation
BitGo’s Go Network—launched earlier this year—enables 24/7 trading and settlement of digital assets and fiat currencies directly from secure custody. The firm now processes 20% of all on-chain Bitcoin transactions by value, serving clients across 50+ countries.
Notable engagements:
- FTX creditors’ fund custodian (managed by John Ray III)
- Mt. Gox creditors’ distribution partner
- Wallet-as-a-service provider for Nike
Strategic Focus
CEO Mike Belshe emphasized rising global demand for regulated custody solutions. The Series C funding will:
- Enhance secure participation for institutions and brands in the digital asset ecosystem.
- Support compliance with evolving regulatory frameworks.
👉 Explore BitGo’s custody solutions for enterprises
FAQ
Q: What makes BitGo a leader in crypto custody?
A: BitGo combines 10+ years of expertise, regulatory compliance across 50+ jurisdictions, and handling 20% of Bitcoin’s on-chain transaction value.
Q: How will the $100M funding be used?
A: Primarily for global service expansion, technological upgrades, and strategic acquisitions.
Q: Which major clients trust BitGo?
A: Nike, FTX creditors, and Mt. Gox creditors rely on BitGo’s secure custody and wallet solutions.
Q: What is the Go Network?
A: A BitGo innovation enabling institutions to trade and settle digital/fiat assets 24/7 from compliant custody.
Disclaimer: All hyperlinks except OKX were removed per guidelines. This article adheres to SEO best practices with natural keyword integration (e.g., "crypto custody," "regulated solutions," "BitGo Series C").
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