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BitGo
BQualified Custodian (Multi-Sig)SPOFInstitutions & Issuers
BitGo is a qualified custodian providing multi-sig custody for digital assets including stablecoin reserves. Acquired by Galaxy Digital, BitGo offers hot, warm, and cold wallet infrastructure with a $250M insurance policy. Used by stablecoin issuers and exchanges for reserve custody and settlement.
72
Score Breakdown
Custody & Security35% weight
75
Ease of Use20% weight
65
Fees15% weight
65
Features10% weight
75
Transparency10% weight
72
Support10% weight
72
Assessment
Key Strength
Qualified custodian with multi-sig architecture. $250M insurance policy. Custodies stablecoin reserves and provides settlement infrastructure. Used by stablecoin issuers and exchanges.
Primary Risk
Single institutional custodian despite multi-sig. Galaxy Digital acquisition (2023) changed ownership. Concentration risk at scale.
Pros
- +True multi-sig architecture
- +Qualified custodian status
- +$250M insurance policy
- +Long track record (since 2013)
Cons
- -Single institutional custodian
- -Galaxy Digital acquisition uncertainty
- -Complex onboarding
- -Premium pricing
Custody Features
Multisig
✕Multi-Institution
✕No Single Point of Failure
Segregated Accounts
Proof of Reserves
Insurance
Regulated Custodian
No Physical Exposure
✕Multi-Jurisdiction
✕Inheritance
✕Segregated Insurance
✕IRA
✕Lending
Buy/Sell
✕Dynasty Trusts
Fees
Custom institutional pricing
Minimum$100K+
Security
Key Management
Multi-signature (2-of-3)
Cold Storage
95%+%
SOC Compliance
SOC 2 Type 2
Penetration Testing
Insurance & Regulatory
✓Qualified Custodian
Jurisdiction
United States
Licenses
South Dakota Trust Charter, NY BitLicense
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