With the acquisition of the MiCA license, BitGo has been authorized to provide services to both crypto-native companies and traditional financial institutions, such as banks and asset managers, across the European Union.
Regulatory approval to operate throughout the European Union has been secured by BitGo, a cryptocurrency custody firm backed by Goldman Sachs, making it the most recent crypto company to achieve this authorization.
A Markets in Crypto-Assets Regulation (MiCA) license was granted to BitGo Europe by Germany’s financial authority, the Federal Financial Supervisory Authority (BaFin), enabling the firm to offer digital asset services within the European Union, as announced by the company on May 12.
The license enables services to be provided by BitGo to both crypto-native enterprises and traditional financial institutions, including asset managers and banks, throughout the European Union.
BitGo Europe’s managing director, Harald Patt, stated that the license serves as a testament to the firm’s dedication to upholding the highest standards of security, transparency, and trust.
BitGo Established Its EU Headquarters in 2023
Established in 2013 in Palo Alto, California, BitGo has been recognized as a prominent platform in the cryptocurrency sector, with a specialization in custodial services involving the secure holding of digital assets such as Bitcoin on behalf of its clients.
BitGo’s recent regulatory achievement in Europe has been preceded by initiatives aimed at expanding its footprint within the European Union, including the establishment of a regional headquarters in Frankfurt in 2023.
Following the establishment of BitGo Europe in Germany, several registrations have been granted to BitGo across various EU member states, including Italy, Spain, Poland, and Greece.
It was stated by the firm in the announcement that, with the MiCA license now obtained, operations can be conducted by BitGo throughout the entire European Union under a harmonized and progressive regulatory structure.
Comprehensive Suite of Institutional-Grade Solutions Introduced
The specific services planned for immediate launch under the newly acquired MiCA license were not disclosed by BitGo.
It was further stated in the announcement that BitGo’s acquisition of the MiCA license has arrived at a critical juncture, coinciding with the firm’s expansion of its product portfolio to deliver a comprehensive array of institutional-grade digital asset solutions.
As of May 12, BaFin’s official records had not yet been updated to display BitGo’s MiCA license, with only previous registrations being shown.
Additional information regarding the MiCA license was requested from BitGo, but no response had been received by the time of publication.
As previously reported, Germany has been recognized as a key jurisdiction for European firms pursuing MiCA registration, with licenses having been issued by BaFin to multiple companies—such as Bitpanda and Boerse Stuttgart Digital Custody—during 2025.
