BitGo approved as crypto custodian for Swiss SIX exchange

BitGo has been approved as a custodian under the SIX Exchange Regulation Crypto Asset Rule, further expanding its presence in the European crypto market.

In a statement regarding X, the company said it would now be able to provide regulated custody services in accordance with Swiss financial regulations.

BitGo’s approval on SIX Exchange, Switzerland’s primary exchange, strengthens its role as a provider of secure, compliant storage solutions for digital assets like crypto. BitGo Europe’s custody services will be backed by a $250 million insurance policy, providing additional protection for its clients.

BitGo received a Major Payment Institution license from the Monetary Authority of Singapore in early August, allowing it to offer regulated crypto payment services in the country.

This approval follows an initial agreement in principle six months ago, placing BitGo among 27 other companies with a full MPI license. Similar to the SIX approval, this license allows BitGo to offer crypto custody, trading, and insured storage solutions to Singaporean customers.

What is SIX Swiss Exchange?

SIX Exchange is a Swiss company that provides securities, financial information and payment services.

It is Switzerland’s primary stock exchange, known for listing a wide range of securities including stocks, bonds and exchange-traded products. It operates as part of the larger SIX Group, which provides services in the areas of securities trading, financial information and payment processing.