BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.
The financial services giant has not scratched its plans to open a desk for trading cryptocurrencies, contrary to a Business Insider report on September 5, 2018.
Currently for large issuers, it’s a given that you simply have to use investment banks. But assuming regulatory compliance, it doesn’t need to be this way.
Justin Schmidt, a former trader, has been serving as the enterprise’s first head of digital asset markets in the securities division since April 16, 2018.
