BitGo has received approval as a custodian under the SIX Exchange Regulation Crypto-Asset Rule, expanding its footprint in the European crypto market. This approval allows BitGo to offer regulated custodial services in line with Swiss financial regulations, backed by a $250 million insurance policy.

In early August, BitGo also secured a Major Payment Institution license from Singapore’s Monetary Authority, enabling it to provide regulated crypto payment services in Singapore. This positions BitGo among 27 companies with full MPI licenses, allowing it to offer crypto custody, trading, and insured storage solutions to its clients in Singapore.

SIX Exchange, Switzerland’s primary stock exchange, lists a wide range of securities and operates as part of the larger SIX Group, which provides services in securities trading, financial information, and payment transactions.