BitGo Secures MiCA License for EU Operations

BitGo, a cryptocurrency custody firm backed by Goldman Sachs, has secured regulatory approval to operate across the European Union. The firm announced on May 12 that Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), granted BitGo Europe a Markets in Crypto-Assets Regulation (MiCA) license. This license allows BitGo to provide digital asset services to both crypto-native firms and traditional finance institutions, including banks and asset managers within the EU.

Harald Patt, the managing director of BitGo Europe, emphasized the significance of this license, stating that it underscores the firm's commitment to the highest standards of security, transparency, and trust. BitGo established its EU headquarters in Frankfurt in 2023, marking a significant step in its efforts to increase its presence in the region. Since then, the firm has received multiple registrations in several EU states, including Italy, Spain, Poland, and Greece.

With the MiCA license now secured, BitGo can operate across the entire EU under a unified, forward-looking regulatory framework. This milestone allows the firm to offer a broad range of institutional-grade digital asset solutions. Although BitGo did not specify the exact services it intends to roll out immediately under the new MiCA license, the announcement highlighted the pivotal moment as the firm expands its product suite.

Germany has emerged as a major jurisdiction for European businesses seeking MiCA registration. BaFin has issued licenses to several companies, including Bitpanda and Boerse Stuttgart Digital Custody, in 2025. This regulatory environment provides a stable and transparent framework for cryptocurrency firms to operate, fostering trust and security in the digital asset market.