California-headquartered crypto-assets investment services operator BitGo announced getting a license from NY regulatory and now operates as an independent Qualified Custodian.
Beforehand, BitGo held a license only in South Dakota. The license allowed serving institutional investments in most states, but New York.
Now, the new license, issued by Wall Street’s regulator, the New York State Department of Financial Services (NYDFS) authorizes the firm to implement services for New-York-based clients as well.
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Digital Asset Services BitGo Earned New York Trust License