United States / Firms / BitGo

BitGo

BitGo: 1 company is on NYDFS's list of regulated virtual-currency entities (BitGo New York Trust Company, LLC: NY limited purpose trust charter); the OCC conditionally approved BitGo Bank & Trust, N.A. on 12 Dec 2025, which plans to issue stablecoins. NYDFS list read 21 Oct 2026.

Status

NYDFS licensed + OCC approval · checked 21 Oct 2026
NYDFS and OCC data only. Licences in other US states (money transmitter licences, state trust charters) are not covered.

NYDFS regulated entity

BitGo New York Trust Company, LLC · Limited Purpose Trust Charter · granted Mar 2021 dfs.ny.gov official

OCC Conditional Approval 1353

BitGo Bank & Trust, N.A. (conversion), applicant BitGo Trust Company, Inc., Sioux Falls, SD: conditional approval 12 Dec 2025. Proposed activities: “staking services; escrow services; and stablecoin issuance services” occ.gov official

Type

National trust bank (OCC) · major brand (Strongest authorisation on record)

Public statement

Not applicable.

History

• 12 Dec 2025OCC conditional approval for BitGo Bank & Trust, N.A. (conversion). — occ.gov official
• Mar 2021NYDFS: BitGo New York Trust Company, LLC, limited purpose trust charter (month granted as listed by DFS). — dfs.ny.gov official

Read More

• The GENIUS Act Takes Effect on 18 January 2027. 16 of Its Rules Are Still Proposals
• The OCC Has Approved 17 Crypto Bank Charters Since December. 8 Plan Stablecoins

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