BitGo Singapore

Crypto service provider · Singapore, Singapore

BitGo Singapore Pte. Ltd. is the Singapore-incorporated arm of BitGo, which holds a Major Payment Institution licence from the Monetary Authority of Singapore covering digital payment token services and cross-border money transfer. Through it BitGo offers custodial wallets, staking and trading to institutional and accredited clients in Asia-Pacific. The parent, BitGo Holdings, listed on the New York Stock Exchange in January 2026 and reported 5,322 clients, USD 81.6 billion of client assets on platform and USD 4.5 billion of total assets at 31 December 2025. This is digital asset infrastructure, not a business bank account: there is no current account, card or trade finance.

Legal name: BitGo Singapore Pte. Ltd.
Regulated by: MAS (Singapore, Major Payment Institution licence), OCC (BitGo Bank & Trust, National Association), NYDFS (BitGo New York Trust Company), BaFin (BitGo Europe GmbH, MiCAR), FINMA (BitGo GmbH, Switzerland), VARA (BitGo Custody MENA FZE, UAE), FinCEN and US state money transmitter regulators
Licence confirmed: yes, on a regulator's own list
Established: 2013
Website: www.bitgo.com

Scores, 0 to 10

10.0Bitcoin

Companies can buy, hold in regulated cold storage and transfer BTC, with Go Network settlement between counterparties, under its MAS licence. · source

9.5Crypto-friendly bank

The whole business is crypto clients: 5,322 institutional clients, an OCC-chartered digital asset bank and MAS, BaFin, FINMA, NYDFS and VARA licences dedicated to digital assets. · source

9.5Crypto wallet and custody for a business

MAS Major Payment Institution offering institutional cold-storage custodial wallets for over 1,300 coins and tokens, with multi-person approval on every cold-wallet withdrawal and up to $250M insurance, per its Singapore pages in 2026. · source

9.5Ethereum

Custody and trading of ETH and ERC-20 tokens, with staking offered only to accredited investors rather than retail, per the MAS disclosure page. · source

8.5Stablecoins (USDC, USDT and others)

The Singapore entity trades, holds and settles stablecoins for institutions, and the BitGo group runs issuance and reserves for USD1 and SoFiUSD through its US stablecoin-as-a-service unit rather than from Singapore. · source

8.0On-ramp: buy crypto with fiat

Institutions buy crypto against fiat through BitGo Singapore's UI, API and voice trading desk under its MAS licence, which also covers cross-border money transfer. · source

8.0Off-ramp: crypto to fiat in a business account

The same trading service sells crypto for fiat with settlement from cold storage and auto-liquidation rules, aimed at institutional clients rather than retail. · source

6.5Fintech companies that need a partner bank

Crypto-as-a-Service lets other platforms embed wallets, trading and on and off ramps, and the client count doubled to 5,322 in 2025, but BitGo offers no safeguarding accounts or fiat rail access for EMIs. · source

6.0Europe (EU, EEA, Switzerland)

BitGo Europe GmbH holds a BaFin MiCAR licence for crypto custody, transfer and trading, BitGo GmbH is a FINMA-supervised crypto asset service provider in Switzerland and BitGo Europe APS is registered for lending in Denmark. · source

6.0United States

BitGo Bank & Trust is an OCC-chartered national banking association with fiduciary and custodial powers and BitGo New York Trust is an NYDFS qualified custodian, but the products are custody and trading rather than business current accounts with ACH and Fedwire. · source

6.0Financial strength & stability

NYSE-listed since January 2026 with USD 4.5 billion total assets and USD 318.5 million stockholders' equity, but a USD 14.8 million net loss for 2025 and only USD 106.3 million of unrestricted cash. · source

5.5Asia-Pacific (SG, HK, AU, JP, KR)

Singapore is BitGo's only APAC licence: a MAS Major Payment Institution licence covering custodial wallets, staking and trading, with no Hong Kong, Japan, Korea or Australia entity on the licences page. · source

5.0Middle East & Gulf

BitGo Custody MENA FZE holds VARA licences in the United Arab Emirates for custody including custodial staking and for broker-dealer services, with no Saudi or Qatari licence listed. · source

5.0Foreign-owned & non-resident companies

BitGo said in 2024 it served over 1,500 institutional clients across 50 countries, so foreign-owned entities are onboarded, but each client must fit one of the six licensed entities and Singapore access is split between retail and accredited investors. · source

4.5Best interest on business balances

Staking is offered and USD 15.6 billion was staked at 31 December 2025, but no interest rate on fiat operating balances is published and staking rewards depend on the network, not on a deposit rate. · source

4.0Cross-border payments, FX and multi-currency accounts

The Singapore licence covers cross-border money transfer services, but BitGo publishes no currency list, no FX margin and no local payment rails; fiat movement supports digital asset settlement rather than general payments. Prime Services bundle trading, financing, collateral management and settlement in one platform, but there is no fiat cash pooling and no multi-country account structure. · source

4.0Fast digital onboarding

Onboarding is institutional and jurisdiction by jurisdiction under each licensed entity, and the Singapore page separates retail from accredited investors; no published time to open an account. · source

4.0Customer satisfaction

Trustpilot rates BitGo 2.8 out of 5, in its Average band. · source

4.0Accept crypto payments

BitGo Singapore has no merchant checkout of its own; in June 2026 it partnered with MAS-licensed dtcpay, which runs the merchant stablecoin payment rails on top of BitGo custody and settlement. · source

3.5Lowest fees

BitGo publishes no fee schedule on its site for custody, trading or Go Accounts; institutional pricing is quoted privately. · source

3.5Startups & VC-backed companies

There is no startup programme, venture debt or pre-revenue onboarding path; the client base is institutional custody and trading firms. · source

3.5High-risk verticals (iGaming, cannabis, adult, forex)

BitGo publishes no acceptable-use policy covering gambling, cannabis, adult or forex clients on its public pages, so there is no stated onboarding path for those verticals. · source

2.5Online businesses: e-commerce and SaaS

No card acquiring, no local collection accounts and no marketplace payouts; the settlement products move digital assets and stablecoins between institutions. The APIs are wallet, trading and custody APIs; there are no local receiving accounts, accounting integrations or recurring-revenue financing for a software company. · source

1.5Business cards (Visa, Mastercard)

None of BitGo's five product lines is a card: they are prime services, ecosystem, stablecoins, wallet services and crypto-as-a-service. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees, documentary collections or supply-chain finance appear in the five product lines BitGo lists. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.