BitGo Launches Modular Digital Asset Platform for Banks

BitGo's new custody and stablecoin infrastructure lets banks adopt crypto services in stages — custody, trading, settlement, and stablecoin issuance under one roof.

This article is for informational purposes only and does not constitute financial, legal, or investment advice.

What BitGo Launched

Crypto custody company BitGo released a modular digital asset infrastructure platform for banks in May 2026, combining custody, trading, settlement, staking, and stablecoin services in a single offering designed for financial institutions exploring crypto products and onchain payments.

Banks can adopt individual components without committing to the full stack. The platform maintains bank-side control over compliance, governance, and client-facing interfaces. Early adopters include Erebor Bank, Banco de Crédito del Perú, TowerBank, and InvestiFi, according to BitGo's announcement.

The "Crypto-as-a-Service" Layer

A significant portion of the platform is a white-label layer that allows banks to offer custody, wallet management, and trading services under their own brand rather than directing clients to BitGo's consumer-facing products. Institutions can stage rollouts based on regulatory requirements and operational readiness in their jurisdiction.

Founded in 2013 and headquartered in California, BitGo has long focused on institutional custody. The company reported $3.8 billion in first-quarter 2026 revenue, up from $1.8 billion in the same period the prior year, driven by higher crypto trading volumes and growth in its stablecoin business. The company posted a net loss of $60.7 million for the quarter, partly due to a non-cash loss tied to the valuation of its Bitcoin treasury holdings.

Broader Trend: Banks and Crypto Infrastructure

BitGo's launch reflects a broader pattern of crypto-native infrastructure companies building bank-grade tooling rather than competing with banks directly. Ripple expanded its prime brokerage business following its acquisition of Hidden Road. Fireblocks introduced onchain stablecoin lending infrastructure for institutions in April 2026. Anchorage Digital signed a partnership with Mexico's Grupo Salinas for stablecoin-based settlement in Latin America.

The U.S. Congressional Research Service noted in a February 2025 analysis that growing crypto valuations have increased banking demand from the crypto industry while simultaneously drawing bank interest in digital asset business opportunities.

What It Means for DLT Infrastructure

Modular adoption lowers the entry barrier for regulated institutions. A bank can start with custody, verify demand, then add stablecoin issuance or settlement rails without a full platform rebuild. That staged model reduces regulatory and operational risk — two of the primary reasons banks have historically delayed crypto programs.

For the broader DLT ecosystem, each bank that activates custody and settlement infrastructure is a potential new node in the onchain payment network. For more on how settlement infrastructure connects to the XRP Ledger, see our overview of XRPL payment architecture and settlement mechanics.