BitGo Expands into Brazil’s Banking Sector Ahead of Crypto Regulatory Reforms

BitGo has strategically launched a fully regulated subsidiary in São Paulo, positioning itself as Brazil's premier institutional custodian for digital assets. The move comes as the country's legislature debates stricter crypto regulations, including potential requirements for domestic key management—a capability BitGo has already integrated into its infrastructure.

The timing reflects a calculated bet on three converging factors: Brazil's accelerating regulatory momentum, growing institutional demand for compliant custody solutions, and the nation's unique position as Latin America's largest crypto market. By establishing physical presence ahead of competitors, BitGo aims to become the default choice for banks and asset managers navigating Brazil's evolving digital asset landscape.