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Companies are increasingly turning to BitGo's Crypto-as-a-Service platform to build crypto offerings. Mike Belshe highlighted that BitGo's solution enabled Fold to quickly launch bitcoin trading across the U.S. by providing OCC-backed licensing, which is described as the highest regulatory standard in the crypto industry.
Belshe emphasized the efficiency and regulatory benefits of BitGo's integration, suggesting a growing trend in the adoption of robust compliance standards for digital asset services.
Previously, Mike Belshe stated that his firm meets all traditional banking requirements and maintains 100 percent reserve and higher liquidity. He has also called for passage of the CLARITY Act, citing the lack of regulatory certainty for U.S. banks working with digital asset firms. These positions reflect Belshe's continued focus on compliance and transparency in the sector.