Bitgo has announced that Bafin has granted a market regulatory license in the crypto-skid markets (Mica) to Bitgo Europe GmbH, allowing the company to operate through the European Union within the framework of the harmonized regulatory framework of the block for digital assets.
The license allows Bitgo to offer its full suite of institutional quality and infrastructure services to digital asset companies and traditional EU financial institutions. Based in Frankfurt and established in 2023, Bitgo Europe GmbH acts as the regional headquarters of the company, with additional registrations in Italy, Spain, Poland and Greece.
The EU positions itself as a favorite jurisdiction for the activity of regulated digital assets
Harald Patt, managing director of Bitgo Europe GmbH, said: “As the world leader in digital asset infrastructure, regulatory compliance is at the heart of our business. We are proud to receive our Bafin Mica license, establishing our solution in the European union. This license highlights our commitment to comply with the highest regulatory standards to support trust and innovation in the field of digital plate. Adoption in Europe. »»
The license comes as the EU positions itself as a favorite court for the activity of regulated digital assets. Since the implementation among MICA, several companies have received licenses within the framework of the framework, which should become fully enforceable by the end of 2025. Mica introduces uniform requirements for crypto-active service providers (CASPS), covering custody, commercial platforms and the issuance of stablecoins, among other activities.
Bitgo said its expansion in the region aims to meet the growing demand for secure and regulated digital asset infrastructure. The company serves banks, asset managers, crypto exchanges and fintech companies looking for access to the cryptographic space.
In the past year, Bitgo has continued to expand its regulatory imprint worldwide. In addition to its Mica license in Germany, the company has registrations in several European jurisdictions and operates regulated entities in the United States and other regions. Its services include custody of cold storage, multi-signating portfolios, development, trade, settlement and loans for institutional customers.
The company plays a leading role in the world ecosystem of digital assets, dealing with a significant part of Bitcoin transactions and offering custody to hundreds of cryptocurrencies. In recent months, Bitgo has focused on creating partnerships with banks and asset managers that explore tokenization and integration of blockchain for traditional assets.
Bitgo’s announcement follows a wave of developments related to mica across Europe. Earlier this year, Bafin approved similar licenses for companies specializing in cryptographic payments and the stabing issue. Other countries, including France and the Netherlands, have introduced national executives or accelerated mica alignment to accommodate early license requests.
Mica regulations, officially adopted in 2023, obliges companies to meet the specific criteria for capital management, governance and risks to operate within the EU. It also describes consumer protection rules, disclosure obligations and market abuse prevention standards.
As the institutional demand for regulated cryptography services increases in Europe, the Bitgo license positions it to extend operations while offering customer trusted infrastructure sailing on this regulatory change. The company said that it expects to evolve its presence on key markets while mica becomes fully enforceable and that traditional financial players enter the sector.
