Crypto firm BitGo’s assets in custody jump
NEW YORK: Crypto custody firm BitGo Inc has seen its assets under custody soar from US$60bil to US$100bil in the first half of 2025, Abel Seow, managing director for Asia-Pacific at the firm, says.
The jump is driven by rising crypto adoption flowing from greater regulatory clarity globally, Seow said.
Of the total assets looked after by the firm, half are tied to staking, a process that involves investors pledging cryptocurrencies to help validate transactions on blockchains, which in turn helps them earn more tokens.
Founded in 2013, BitGo is one of the largest US-based crypto custodians. The company also lets clients trade, borrow and lend digital assets….
