Mike Belshe Claims BitGo Outsmarts the SEC’s Custody Rules
BitGo CEO Mike Belshe claims his firm is the only custodian offering a hybrid model that satisfies all SEC custody options for institutions.Summary
Following a recent SEC investor bulletin on crypto custody, BitGo CEO Mike Belshe asserted that BitGo is uniquely positioned as the only provider offering institutional clients a hybrid custody strategy combining self-custody and third-party custody.
This model allows institutions to store 90% of assets in BitGo Trust cold storage (meeting regulatory and insurance standards) while keeping 10% in self-custody hot wallets for flexibility, mitigating single points of failure. The third-party custody is supported by BitGo Bank & Trust, NA, a federally chartered bank.
Belshe noted that this approach allows clients to have both security and control, addressing the SEC's concerns by answering seven key questions investors should ask custodians, positioning BitGo's unified platform as the next benchmark for compliant and flexible institutional crypto asset management.
(Source：BeInCrypto)