BitGo CPO says the custodian cannot touch client assets without permission

BitGo wants to make one thing very clear. The client assets it holds are not BitGo’s to play with. Chief Product Officer Eugene Hahr has reaffirmed that the company operates strictly as a custodian. BitGo cannot touch or redeploy client assets without explicit permission. The timing matters. BitGo is pushing into prime brokerage, staking and tokenized assets. Each new business line raises a familiar question from institutional clients: where does my money actually sit, and who can move it? What BitGo is actually promising The commitment is written into BitGo’s custodial services agreements, not just into marketing copy. Those contracts say BitGo cannot access or deploy client assets without direct authorization from the client. The ownership structure follows the same logic. Clients keep full ownership of their assets at all times. No transfer of ownership happens when funds are placed in BitGo’s custody. BitGo also says assets are held on a strict 1:1 basis. There is no rehypothecation. Rehypothecation is a mouthful, so a quick translation. It means a custodian takes assets a client has pledged or deposited and reuses them for its own purposes, such as lending them out or posting ...