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.
Visit BitGoIt depends on what you need it to survive. BitGo runs qualified custodian (multi-sig) custody, which has a single point of failure: one institution's failure can reach your bitcoin. Proof of Custody scores it 74/100 as of 2026-03-02. Qualified custodian is a good fit for entities that must satisfy a regulator, an auditor, or an investment-committee mandate, and the wrong choice for anyone whose core requirement is that no single institution can move the coins — one institution can. The score is an editorial judgement; the facts to check are the custody model, the single point of failure and the incident history below.
| Custody model | Qualified Custodian (Multi-Sig) Proof of Custody classification from the provider's own documents |
|---|---|
| Single point of failure | Yes: one institution, device or person can move or lose the holding Record as of 2026-03-02 |
| Who holds the keys | Not published in enough detail to state |
| Independence standard | 0 of 4 pillars met |
| Insurance | Not disclosed by the provider |
| Regulatory standing | South Dakota Trust Charter; NY BitLicense Jurisdiction: United States |
| Qualified custodian | Yes, per the provider |
| Incidents in the registry | None recorded. Absence from the registry is not evidence of safety. |
| Fees | Custom institutional pricing Provider pricing page; verify before relying on it |
| Minimum | $100K+ |
| Proof of Custody score | 74/100 Editorial judgement on the published methodology, as of 2026-03-02 |
Facts come from the provider's own documents and public filings, with the date they were last checked. The score is Proof of Custody's judgement. Dispute a row through the corrections process.
Qualified custodian with multi-sig architecture. $250M insurance policy. Custodies stablecoin reserves and provides settlement infrastructure. Used by stablecoin issuers and exchanges.
Single institutional custodian despite multi-sig. Galaxy Digital acquisition (2023) changed ownership. Concentration risk at scale.
1 independent party or system must fail before a BitGo holder's bitcoin is at risk.
BitGo's custody insurance is not publicly disclosed.
BitGo uses a qualified custodian (multi-sig) model and scores 74/100 in our independent review, including 84/100 on custody security. One institution can move funds, which is a single point of failure. Safety depends on your priorities; see the full score breakdown above.
BitGo's custody insurance is not publicly disclosed in a form we can verify. Where it exists, custody insurance covers specific named events up to shared limits and does not cover price loss. Confirm coverage in writing before relying on it.
Because BitGo holds custody through a single institution, recovery in a failure would run through that institution's bankruptcy or resolution process and depends on whether assets were segregated and properly titled. This is the concentration risk of single-custodian models.
BitGo does not advertise a dedicated inheritance or beneficiary feature in the data we track. Confirm current options with the provider, since custody inheritance handling changes.