BitGo establishes subsidiary in Brazil for banking partners

Digital Banking

Photo: Adobe Stock

August 5, 2025

BitGo, an infrastructure solutions provider for digital assets, has set up a subsidiary in Brazil called BitGo Brasil Tecnologia Ltda. With this subsidiary, it aims to support banks and other financial institutions with digital asset services, according to a press release.

“We want banks to see us as allies. We are prepared to meet any demands that arise, with security, technology and respect for local laws. Even if the legislation takes another path, we will remain here as partners of Brazilian institutions,” Luis Ayala, LatAm director, BitGo, said in the release.

It will offer a variety of treasury solutions such as cold storage custody, trading, automated workflows, APIs and technical support.

“BitGo Brasil represents not just a geographical expansion but our commitment to the sustainable development of the local crypto ecosystem, offering robust infrastructure tailored to Brazil’s economic and regulatory landscape, with a focus on institutional trust,” Ayala said.