Brings Expertise in Cybersecurity Regulation, Compliance and Risk Management
PALO ALTO, CA, May 18, 2021 – BitGo, the leader in digital asset financial services, today announced that Cassandra “Cassie” Lentchner has been appointed Chief Operating Officer (COO) for the BitGo Trust Companies subject to regulatory approval.With over 20 years of experience in the financial services industry, Cassie has built an exceptional reputation as both a regulator and as counsel for industry participants. She oversaw compliance and regulatory standards for New York’s groundbreaking BitLicense and cybersecurity policy, when serving as Deputy Superintendent of Compliance for New York Department of Finance Services (NYDFS).Reporting to Mike Belshe, CEO, Cassie will be responsible for managing the BitGo Trust Companies’ operations to meet the high standards of customer care and provide safe and sound custody of their assets. The BitGo Trust companies consist of BitGo Trust Company, the first purpose-built, qualified custodian regulated by the South Dakota Division of Banking launched in 2018 and BitGo New York Trust Company, regulated by the NYDFS in 2021.“Cassie has extensive knowledge of the financial services industry, both as an accomplished regulator and legal advisor for clients with complex product and services needs,” said Mike Belshe. “With her substantial compliance and cybersecurity experience, she is uniquely qualified to oversee the operations and responsibilities of the BitGo Trust Companies and execute our mission to safeguard digital assets in the most secure way possible. We’re excited to have her join the team and help bring BitGo to the next level of operational performance as it scales to new heights.”Prior to joining BitGo, Cassie was Senior Counsel at Pillsbury Law where she helped clients develop and implement compliance programs and advised on regulatory, cybersecurity, as well as privacy and security laws.Before joining NYDFS in 2016, Lentchner held senior positions in the legal and compliance departments at Morgan Stanley and UBS, where her work focused on government and political activities compliance, ethics, anti-corruption and global financial crimes. Earlier in her career, Cassie was in private practice and served on Capitol Hill, where she held the position of Special Counsel for the U.S. House of Representatives Committee on Education and the Workforce. Additionally, she served as Senior Counsel for the U.S. Senate, Governmental Affairs Committee.Cassie holds both a B.A in History and Political Science and J.D. from Rutgers University.
BitGo is the leader in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets and established BitGo New York Trust in 2021. In 2020, BitGo launched Prime Trading and Lending, as well as BitGo Portfolio and Tax, providing clients with a full-stack solution for digital assets. BitGo processes over 20% of all global Bitcoin transactions, and supports over 400 coins and tokens. BitGo’s customer base includes the world's largest cryptocurrency exchanges and institutional investors and spans more than 50 countries. BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners.
The information in this press release is not an offer to sell or solicitation of an offer to buy an interest in any investment or for the provision of any investment management or advisory services. Custody services are offered through BitGo Trust Company, a South Dakota chartered trust company and BitGo New York Trust, a New York chartered trust company. BitGo is not registered with the SEC as an investment advisor or custodian, and does not offer legal, tax, investment, or other advice. Please consult your legal/tax/investment professional for questions about your specific circumstances.BitGo Trust Company, BitGo NY Trust Company, BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA.