BitGo Receives MiCA License from BaFin to Expand Digital Asset Services in the EU

BitGo, a global leader in digital asset infrastructure, has received a Markets in Assets Regulation (MiCA) license from Germany’s Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). This license allows BitGo Europe GmbH to provide digital asset services across the European Union, further strengthening the company’s position as a trusted partner for crypto-native and traditional financial (TradFi) firms seeking secure and compliant digital asset solutions.

Significance of MiCA License:

• Expansion in the EU Market:
  • The MiCA license marks a significant milestone for BitGo, enabling the company to expand its digital asset services across the European Union. This includes serving crypto-native firms and traditional financial institutions like banks and investment managers looking for a regulated partner in the digital asset space.
• Supporting Digital Asset Adoption:
  • With this regulatory approval, BitGo is poised to support the growing adoption of digital assets in Europe, providing institutions with the infrastructure needed to enter and thrive in the digital asset space.

Comment from Harald Patt, Managing Director of BitGo Europe GmbH:

• Focus on Regulatory Compliance and Innovation:
  • “As a global leader in digital asset infrastructure, regulatory compliance is at the core of our business. We are proud to receive our MiCA license from BaFin, establishing our foothold in the European Union. This license underscores our commitment to meeting the highest regulatory standards while fostering trust and innovation in the digital asset space. We are excited to support the continued growth of crypto adoption in Europe,” said Harald Patt, Managing Director of BitGo Europe GmbH.

BitGo’s Role in the EU Digital Asset Landscape:

• Contributing to Industry Evolution:
  • Since the introduction of MiCA regulations, the European digital asset industry has seen a surge in regulatory approvals and innovation, covering areas such as staking and stablecoins. BitGo is committed to playing a key role in this ongoing evolution, ensuring institutional-grade security, compliance, and reliability for its expanding client base across the EU.