Title: Understanding Qualified Custody with BitGo Trust Company
At BitGo Trust Company, we take pride in offering qualified custody services for digital assets, regulated by the South Dakota Division of Banking. Our goal is to provide our clients with a secure and compliant solution for the storage of their digital assets. Here's what you need to know about qualified custody with BitGo Trust Company:
Regulated Custody: BitGo Trust Company is a qualified custodian, which means we are regulated by the South Dakota Division of Banking. This regulatory oversight ensures that we adhere to strict standards and practices for the custody of client assets.
Compliance: As a qualified custodian, we are committed to maintaining compliance with regulatory requirements. This includes implementing robust internal controls, conducting regular audits, and adhering to industry best practices to ensure the security and integrity of our custody services.
Insurance: BitGo Trust Company provides insurance coverage for the digital assets held in custody. This additional layer of protection offers peace of mind to our clients, knowing that their assets are safeguarded against potential risks.
Secure Storage: Our qualified custody services include secure storage solutions for digital assets. We utilize industry-leading security measures, including multi-signature technology, cold storage, and continuous monitoring, to protect our clients' assets from unauthorized access and potential threats.
In conclusion, BitGo Trust Company offers qualified custody services that prioritize compliance, insurance, and secure storage of digital assets. Our regulated status and commitment to best practices make us a trusted partner for individuals and institutions seeking a reliable solution for the custody of their digital assets.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article