OCC approves the conversion of the BitGo Trust Company to BitGo Bank & Trust, N.A.
17 December 2025 US
Image: HeroDesign/stock.adobe.com
BitGo Holdings, the digital asset infrastructure company, has announced that the Office of the Comptroller of the Currency (OCC) approved the conversion of BitGo Trust Company, a South Dakota-chartered trust company, to a national bank named BitGo Bank & Trust, National Association (N.A.).
With today’s OCC approval of its conversion, BitGo’s Trust Company subsidiary is now operating as BitGo Bank & Trust, National Association (N.A.).
BitGo Bank & Trust, N.A. will operate under a single, uniform federal supervisory regime, which the bank says will enable it to deliver clarity, governance, and regulatory certainty.
Under the national bank charter, BitGo Bank & Trust, N.A. is authorised to offer custody and safekeeping of digital assets and certain non-deposit financial assets under federal fiduciary and non-fiduciary authorities.
Additionally, nationwide delivery of certain digital asset-related services, without state-by-state licensing requirements where federal law preempts duplicative obligations.
All activities of BitGo Bank & Trust, N.A. are subject to enhanced federal governance, compliance, and risk-management standards applicable to national trust banks.
The addition of the OCC charter strengthens BitGo’s extensive network of licenses and registrations across the globe.
The firm says that this framework enhances BitGo’s ability to deliver secure and compliant infrastructure at scale.
BitGo’s platform supports trading, custody, staking, stablecoins, and treasury services for institutions around the world.
Mike Belshe, CEO and co-founder of BitGo, says: “This approval represents a landmark step in building the financial infrastructure of the future. By becoming a federally chartered digital asset trust bank in the United States, BitGo is setting the new standard for transparency, security, and regulatory clarity across the evolving landscape of financial services.”
Brian Brooks, board member at BitGo Holdings, adds: “BitGo’s conversion to a federal bank charter is more than a milestone — it’s a signal of maturity for the entire digital asset ecosystem.
“For over a decade, BitGo has led with security, compliance, and innovation. This next step places the company at the center of how digital assets integrate into the regulated financial system.”
Jody Mettler, president of BitGo Bank & Trust, N.A., and chief operating officer of BitGo, comments: “BitGo was built to deliver the security, trust, and performance institutions demand. Our mission has always been to build the infrastructure institutions trust - and with this approval, that mission expands to a new frontier.”
With today’s OCC approval of its conversion, BitGo’s Trust Company subsidiary is now operating as BitGo Bank & Trust, National Association (N.A.).
BitGo Bank & Trust, N.A. will operate under a single, uniform federal supervisory regime, which the bank says will enable it to deliver clarity, governance, and regulatory certainty.
Under the national bank charter, BitGo Bank & Trust, N.A. is authorised to offer custody and safekeeping of digital assets and certain non-deposit financial assets under federal fiduciary and non-fiduciary authorities.
Additionally, nationwide delivery of certain digital asset-related services, without state-by-state licensing requirements where federal law preempts duplicative obligations.
All activities of BitGo Bank & Trust, N.A. are subject to enhanced federal governance, compliance, and risk-management standards applicable to national trust banks.
The addition of the OCC charter strengthens BitGo’s extensive network of licenses and registrations across the globe.
The firm says that this framework enhances BitGo’s ability to deliver secure and compliant infrastructure at scale.
BitGo’s platform supports trading, custody, staking, stablecoins, and treasury services for institutions around the world.
Mike Belshe, CEO and co-founder of BitGo, says: “This approval represents a landmark step in building the financial infrastructure of the future. By becoming a federally chartered digital asset trust bank in the United States, BitGo is setting the new standard for transparency, security, and regulatory clarity across the evolving landscape of financial services.”
Brian Brooks, board member at BitGo Holdings, adds: “BitGo’s conversion to a federal bank charter is more than a milestone — it’s a signal of maturity for the entire digital asset ecosystem.
“For over a decade, BitGo has led with security, compliance, and innovation. This next step places the company at the center of how digital assets integrate into the regulated financial system.”
Jody Mettler, president of BitGo Bank & Trust, N.A., and chief operating officer of BitGo, comments: “BitGo was built to deliver the security, trust, and performance institutions demand. Our mission has always been to build the infrastructure institutions trust - and with this approval, that mission expands to a new frontier.”
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