TLDR
- BitGo and 21Shares expand partnership across US and EMEA markets.
- Collaboration deepens across staking and custody services.
- 21Shares manages $5.7 billion in digital asset ETP assets.
- BitGo recently received OCC approval for federally chartered trust bank status.
- BTGO shares trade near $10 following IPO momentum.
BitGo Holdings Inc. (BTGO) stock traded at $10.08, down 3.63% in afternoon trading on February 12, as investors digested news of a major partnership expansion with digital asset investment manager 21Shares.
BitGo Holdings, Inc., BTGO
The agreement deepens collaboration across staking and custody services in both the United States and EMEA, strengthening BitGo’s role in the institutional crypto infrastructure space.
The expanded partnership builds on an existing relationship between the two firms. Under the new agreement, BitGo will provide enhanced staking and custody solutions to support 21Shares’ growing lineup of cryptocurrency exchange traded products across key global markets.
Strengthening Global ETF And ETP Infrastructure
21Shares is one of the world’s largest issuers of crypto exchange traded products, managing approximately $5.7 billion in assets under management. The firm has built a broad global footprint and has positioned itself as a disciplined provider of regulated digital asset investment products.
With demand for regulated crypto exposure increasing across the US and Europe, 21Shares is expanding its ETF and ETP offerings. BitGo’s infrastructure is designed to support that growth through institutional-grade security, trading access, and operational support.
Through BitGo’s platform, 21Shares gains access to deep liquidity, enhanced execution across electronic and over-the-counter markets, and competitive staking rewards. These capabilities are delivered within BitGo’s regulated and insured qualified custody framework, which is structured to provide institutional-level asset protection.
Expanded Staking And Custody Services
The agreement emphasizes two critical pillars of digital asset operations: staking and custody. Staking services enable institutional investors to earn rewards on eligible crypto assets while maintaining secure custody. BitGo integrates staking capabilities directly within its broader custody and prime brokerage platform.
Adam Sporn, Head of Prime Brokerage and Institutional Sales at BitGo, described 21Shares as one of the leading global digital asset managers. He noted that the expanded relationship covers 21Shares’ growing suite of US ETF products as well as global ETP offerings.
21Shares selected BitGo based on its regulatory alignment, security standards, and operational track record. Andres Valencia, Head of Investment Management at 21Shares, highlighted the importance of a custody framework designed for institutional risk management across its product lineup.
Regulatory Milestones Enhance Institutional Appeal
The partnership expansion follows several key regulatory achievements for BitGo. The company recently received approval from the Office of the Comptroller of the Currency to convert its subsidiary, BitGo Bank & Trust, into a federally chartered trust bank for digital assets. This development strengthens its standing with institutional clients seeking regulated custodians.
BitGo also completed its initial public offering on the New York Stock Exchange, further reinforcing governance standards and transparency. In Europe, BitGo holds a Markets in Crypto-Assets Regulation license from Germany’s Federal Financial Supervisory Authority, enabling regulated services across the European Union.
These approvals apply to BitGo’s entities and services rather than to specific ETFs or ETPs. Still, the regulatory foundation enhances confidence among institutional partners navigating evolving digital asset regulations.
Shared Commitment To Institutional Growth
Both companies emphasized long-term collaboration across product development, operations and global market support. As institutional adoption of digital assets accelerates, infrastructure providers and asset managers are increasingly aligning to meet demand for secure, regulated investment vehicles.
For BitGo, the expanded partnership underscores its strategy of serving as a core infrastructure provider to leading ETF and ETP issuers. For 21Shares, the agreement strengthens operational capabilities as it scales globally.
While BTGO shares dipped modestly in the latest session, the announcement reflects continued progress in building institutional crypto rails. As staking, custody, and regulated ETF offerings expand, partnerships like this may play a defining role in shaping the next phase of digital asset adoption.
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