Recent market developments have been harsh and unforgiving to a number of major crypto lenders. Understandably, we’ve been fielding questions from institutions concerned about the state of the industry and wondering who, if anyone, they can trust.
We’ll be concise: BitGo Prime’s loan book remains healthy and continues to grow. Despite the developments toppling other firms, we’ve had zero losses of customer funds and continue to operate as a leader in the lending and borrowing space for digital assets.
Our lending philosophy — based on prudence and oriented around risk-adjusted returns — has kept us (and, more importantly, our customers) safe and catapulted BitGo ahead as one of the primary players managing risk in the digital asset market. We’d like to explain what that means for you.
Managing risk for institutional clients
In an industry defined by volatility, we’ve always strived to be a partner you can depend upon. Having started in the early days of crypto, we’ve survived multiple winters and understand what it means to build with the long-term in mind. And we built BitGo Prime to be durable.
We made the conscious choice not to chase riskier loans with higher short-term returns. We focus on high-quality borrowers, believe in diversification, and speak about “risk-adjusted returns” as something more than just marketing.
We’ve helped our clients not merely weather the market, but grow and thrive. Our approach — and the results they’ve produced — have cemented our reputation as the safest way for our customers to lend and borrow digital assets.
A key element in this strategy has been to price risk intelligently and then manage it in a number of interlocking ways. That includes operating a strong, independent risk team and arming them with world-class technology controls. With those working in tandem, BitGo Prime is able to consistently offer fair, stable rates that we believe are sustainable for the long-term.
By pricing risk appropriately, we haven’t always been the right fit for those seeking an altogether different investment profile. But we believe taking a steady, reliable approach is the only responsible way to mitigate the risks of an otherwise very volatile market. And we also believe the results bear that out.
Who we serve
Our customer base covers a wide range of institutions, from hedge funds and miners to major technology platforms and crypto startups. What unites them on the lending side is a desire to generate yield with minimal counterparty risk; what unites them on the borrowing side is the need to access liquidity on fair and stable terms. This makes sense when you consider our history.
Our loan book originated very naturally. BitGo is best-known as a qualified custodian renowned for our security technology, which in turn has attracted a large network of crypto hodlers focused on preserving their capital. Those firms want to earn responsible returns on their holdings.
BitGo Prime arose to meet that need, offering both lending and trading services.
How we operate
Our lending business is characterized by:
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Reduced counterparty risk. We conduct heavy due diligence, select our institutional counterparties carefully, and require heavy collateralization for all loans.
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Stable rates and low risk of loan recall, both because our lenders are usually hodlers and because we seek to build long-term relationships.
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Flexible deal structure commensurate with credit risk, though we do standardize our collateralization level.
Why this makes sense for lenders
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Earn competitive returns with reduced counterparty risk. Because BitGo selects for high-credit borrowers, we’re able to offer good terms with comparatively lower risk than lenders can get from our peers or from other alternatives.
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Custody and lend your funds through BitGo’s integrated solution. Customers enjoy being able to work with BitGo for multiple services and thereby reduce their operational burden.
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Face BitGo as your sole counterparty. Deal simply with BitGo and our experienced team, rather than finding your own borrowers or working with a lender who operates with a different approach to risk.
Why this makes sense for borrowers
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Access competitive rates and deep liquidity, thanks to BitGo’s established network of major asset holders.
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Get terms tailored to your needs. BitGo offers a number of options for high-credit borrowers, then avoids aggressive re-rates in favor of building long-term relationships.
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Face BitGo as your sole counterparty. Meet your liquidity needs — whether raising working capital or funding your strategy — as well as get access to our trading solution.
How we can serve you
Despite market headwinds, our business continues to grow with incredible strength. We’re actively engaging in new lending and borrowing opportunities, and look forward to serving you.
If you’d like to learn more, please reach out to our team to start a conversation.
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About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.
©2026 BitGo, Inc. (collectively with its parent, affiliates, and subsidiaries, “BitGo”). All rights reserved. BitGo Bank & Trust, National Association (“BitGo Bank & Trust”) is a national trust bank chartered and regulated by the Office of the Comptroller of the Currency (OCC). BitGo Bank & Trust is a wholly-owned subsidiary of BitGo Holdings, Inc., a Delaware corporation headquartered in Sioux Falls, South Dakota. Other BitGo entities include BitGo, Inc. and BitGo Prime LLC, each of which is a separately operated affiliate of BitGo Bank & Trust. BitGo does not offer legal, tax, accounting, or investment advisory services. The information contained herein is for informational and marketing purposes only and should not be construed as legal, tax, or investment advice. Digital assets are subject to a high degree of risk, including the possible loss of the entire principal amount invested. Past performance and illustrative examples do not guarantee future results. BitGo Holdings, Inc., BitGo Bank & Trust, BitGo, Inc. and BitGo Prime LLC are not registered broker-dealers and are not members of the Securities Investor Protection Corporation (“SIPC”) or the Financial Industry Regulatory Authority (“FINRA”). Digital assets held in custody are not guaranteed by BitGo and are not subject to the insurance protections of the Federal Deposit Insurance Corporation (“FDIC”) or SIPC. This communication contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. These statements may include words such as “aim,” “anticipate,” “assume,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “foreseeable,” “guidance,” “intend,” “likely,” “may,” “objectives,” “outlook,” “plan,” “potentially,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or variations of these terms and similar expressions. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under “Risk Factors” in BitGo Holdings, Inc.’s registration statement on Form S-1, as amended, relating to the initial public offering. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. Although BitGo believes that the expectations reflected in its forward-looking statements are reasonable, it cannot guarantee future results. BitGo undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.