BitGo

BitGo, Inc. is a digital asset infrastructure and financial services company headquartered in Sioux Falls, South Dakota. BitGo secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian, with over $100 billion in digital assets on its platform. The company offers a multisignature bitcoin wallet service, where keys are divided among several owners to manage risk. Generally, BitGo wallets have three keys: one held by BitGo, and two held by the wallet's owner. Wallets can be configured in both hot and cold configurations, as well as non-custodial and custodial configurations. BitGo serves as the sole custodian for bitcoin that people deposit to receive a tokenized form of that bitcoin known as Wrapped Bitcoin (WBTC) that can be exchanged on the Ethereum blockchain. BitGo is the custodian for USD1, a stablecoin issued by World Liberty Financial, a company with ties to Donald Trump. It is also the custodian for frxUSD, a fractional reserve stablecoin. As of June 30, 2025, the company owned approximately 2,300 Bitcoins for its own account; changes to the value of such Bitcoins are reported as income or loss on the company's financial statements.