BitGo, a digital asset firm, has launched a subsidiary in Brazil as part of its international expansion strategy. The move is aimed at serving financial institutions that are seeking digital asset custody and treasury solutions.

The launch of BitGo Brasil Tecnologia Ltda is happening against the backdrop of anticipated new Brazilian regulations that might require local oversight of cryptographic keys. This has prompted the company to establish operations in Brazil to stay ahead of potential regulatory changes.

BitGo, which already holds regulatory approval under the European Union’s MiCA framework in Germany, emphasizes its long-term commitment to the Brazilian market. The new entity is designed to align with Brazil’s evolving legislative landscape and cater to the needs of domestic financial institutions.

Tailored Services for Financial Institutions

Services now available through BitGo’s Brazilian operation include insured cold storage custody, over-the-counter trading, and corporate treasury management tools. These offerings are backed by audit-ready APIs, workflow automation, and technical support aimed at helping institutions improve operational efficiency and oversight of their crypto-related assets.

According to representatives from BitGo, the company’s expansion into Brazil was also driven by growing demand among regional banks, brokerages, and asset managers for digital asset infrastructure that aligns with local standards. The firm notes that its localization effort considers both regulatory compliance and other aspects of Brazil’s economic and cultural environment.

A BitGo spokesperson indicated that the company is positioning itself as a long-term partner for Brazilian institutions, ensuring continued activity in the country irrespective of how legislation evolves. BitGo operates a global network of regulated entities and supports significant digital asset transactions on platforms like Bitcoin, offering services such as custody, trading, staking, and settlement to institutional clients.