Emre Yumlu 
Goldman Sachs-backed crypto custody firm BitGo has reached a significant milestone by obtaining a MiCA (Markets in Crypto-Assets Regulation) license from Germany’s financial regulatory authority BaFin, enabling the company to offer digital asset services across the European Union.
According to the announcement made on May 12, this license allows BitGo to serve both crypto-native companies and traditional financial institutions throughout Europe.
Harald Patt, Managing Director of BitGo Europe, stated that the license demonstrates the company’s commitment to high standards of security, transparency, and trust.
Established EU Headquarters in Germany in 2023
Founded in 2013 in Palo Alto, California, BitGo is recognized as a major platform focused on crypto custody solutions, ensuring the security of digital assets such as Bitcoin on behalf of its clients.
To strengthen its presence in Europe, the company established BitGo Europe headquarters in Frankfurt in 2023. Since then, BitGo has completed registrations in various EU countries, including Italy, Spain, Poland, and Greece.
With the MiCA license now secured, BitGo will be able to operate under a unified and forward-looking regulatory framework across the EU.
Wide Range of Institutional-Grade Services
Although BitGo has not yet provided specific details about the services it will offer under the MiCA license, the announcement emphasized that this step comes at a crucial time for expanding its institutional-grade digital asset solutions.
As of May 12, BaFin’s official records did not yet reflect BitGo’s MiCA license, though previous registrations were listed.
By 2025, Germany has emerged as a key hub for companies seeking MiCA licenses, with firms such as Bitpanda and Boerse Stuttgart Digital Custody also receiving similar approvals.
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