BitGo and OTC Markets Forge Alliance to Bring Digital Asset Trading to 150+ Broker-Dealers
BTGO sits 18% above its 52-week low of $4.665.
Summary
BitGo and OTC Markets Group announced a strategic alliance to integrate digital asset trading and custody for over 150 registered broker-dealers using OTC Link ATS. BitGo Bank & Trust will serve as qualified custodian, with settlement via Go Network and MatchHub. This opens a regulated pathway for broker-dealers to trade tokenized securities and, as frameworks mature, expand into all tokenized assets. The deal follows BitGo's recent MiCA-compliant European launch and a $50M buyback program, signaling aggressive institutional infrastructure build-out despite Q1 losses and a 15% workforce cut. It directly addresses the broker-dealer market, potentially accelerating institutional adoption of digital assets through trusted, bankruptcy-remote custody. The alliance is subject to regulatory approvals and final agreements.
At the time of this announcement, BTGO was trading at $5.51 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $655.2M. The 52-week trading range was $4.67 to $24.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.