Crypto custody and infrastructure provider, BitGo, has laid off nearly 15% of its workforce as the newly public company reallocates resources toward

• artificial intelligence,
• stablecoins, and
• institutional financial infrastructure,

becoming the latest digital asset firm to cite AI as a driver of corporate restructuring.

Chief Executive, Mike Belshe, described the cuts as a ‘one-time action,’ saying the company would focus investment on security, trading, settlement, stablecoins and AI-powered infrastructure as the digital asset industry evolves. Employees affected by the restructuring were informed before the announcement which was also disclosed in a regulatory filing.

The move comes after the…