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It is a historic moment for the crypto industry. For the first time in the history of the crypto industry, a single entity in the cryptocurrency space holds broker-dealer, transfer agent, and qualified custodian licenses. Crypto custodian BitGo was able to reach this milestone thanks to its decision. BitGo is a licensed custodian through the South Dakota Division of Banking.

The U.S. Securities and Exchange Commission, and FINBA, should approve the broker-dealer and transfer agent transfers to BitGo. Crypto custodian’s CEO stated that the process is already underway.

Mike Belshe did not provide the details regarding the assets under management. According to Belshe, BitGo conducts some $15 billion in transactions each month.

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