BitGo establishes subsidiary in Brazil to offer crypto asset custody and digital asset management services for financial institutions

According to a report by Crowdfundinsider, as cited by Jinse Finance, digital asset infrastructure company BitGo has announced the official launch of its Brazilian subsidiary, BitGo Brasil Tecnologia Ltda. This move is aimed at reinforcing the company’s commitment to international expansion and aligning with the upcoming regulatory requirements for virtual asset service providers. BitGo believes that Brazil is moving toward mandating local management of crypto keys, and the company is prepared to offer this capability. By establishing a local presence, BitGo aims to ensure compliance, security, and sovereignty when serving financial institutions such as banks, brokerages, and asset management firms.