In response to the recent investor guide from the U.S. Securities and Exchange Commission (SEC) on crypto storage, BitGo CEO Mike Belshe calls his company the only provider that delivers all the storage options described by the SEC.
This news follows just a few days after BitGo received approval to operate as a bank, significantly expanding their services for institutional clients.
BitGo claims what no other crypto custodian can
In a message on X (Twitter), Belshe emphasized that the BitGo platform gives institutions the ability to combine self-custody and third-party storage into one hybrid strategy. This allows institutions to create their own risk profile that no other provider offers.
“BitGo stands alone as the only provider with an institutional platform for every option as described by the SEC,” wrote Belshe. “Our clients no longer have to choose between security and control — they get both.”
The SEC bulletin, published on December 12, 2025, laid out the fundamentals of crypto storage for retail investors and described two main models:
Self-custody, where investors keep their own private keys, and
Third-party storage, where a qualified custodian manages the assets.
While most providers force their clients to choose between these forms, BitGo allows institutions to use both simultaneously.
With the BitGo model, 90% of customer assets can be held in BitGo Trust cold storage. This complies with regulations for regulation, insurance, and security.
The remaining 10% can be stored in self-custody hot wallets, allowing for immediate transactions and flexibility.
This hybrid approach prevents a single point of failure. If the self-custody keys are lost, the assets in the trust remain safe. In traditional exchanges, everything would be frozen in the event of bankruptcy.
BitGo Bank & Trust, NA, a government-recognized national bank, supports third-party storage. The bank is regularly audited via SOC 1 Type 2 and SOC 2 Type 2 audits and manages over 1,400 coins and tokens in segregated accounts, with $250 million in insurance from Lloyd’s of London syndicates.
According to Belshe, BitGo does not engage in rehypothecation, lending, or mixing customer assets. BitGo strictly adheres to 1:1 storage standards.
For self-custody, BitGo offers wallets with 2-of-3 Multi-Sig or MPC threshold security. The customer has two keys, while BitGo holds the third for signing. This allows for policy controls without the customer losing their autonomy.
These options can be managed together via a single dashboard, ensuring clients always retain visibility, flexibility, and control over their storage models.
BitGo aligns with SEC questions and offers full storage flexibility
BitGo also addresses the seven questions that the SEC recommends asking when choosing a storage provider. These include:
Background check
Asset coverage
Storage protocols
Use of assets
Privacy protection, and
Cost structure.
By answering these questions, BitGo demonstrates that institutions can manage their crypto assets securely, in compliance, and efficiently.
As regulators increasingly focus on crypto storage, the BitGo model sets a new standard in the industry: one platform where compliance, operational control, and insurance converge.
Belshe's statements emphasize the rising demand from institutions wanting both qualified storage and the freedom of self-custody. Such a combined option was previously not possible through a single management platform.
These statements come just days after BitGo received approval to become a national trust bank. Other companies that have taken this step include Ripple, Fidelity Digital Assets, and Paxos.
In an industry where security and regulations sometimes clash, the hybrid BitGo model seems to be a next step in institutional crypto storage.
