BitGo targets prime brokerage as its main revenue engine

BitGo built its name guarding other people’s crypto. Now it wants to put that crypto to work. The NYSE-listed digital asset infrastructure firm is steering its business toward prime brokerage. Co-founder and CEO Mike Belshe has said he wants the service line to account for “100% of our revenue.” Belshe laid out the plan during an interview in Singapore on October 6, 2026. From vault to trading desk The strategy lets institutional investors earn returns while their assets stay in qualified custody. Clients can trade, borrow, and settle without first pulling their holdings out of safekeeping. BitGo frames the arrangement as a “virtuous cycle.” Custody feeds trading and lending, and clients do not have to sell assets to access capital. The plumbing for this runs through two products. BitGo Prime handles the brokerage side, while the Go Network supports integrated trading, financing, and settlement. Settlement on the Go Network operates 24/7 through Delivery-vs-Payment. That mechanism means the asset and the payment change hands together, so neither side is left holding an IOU. Building the pieces in 2026 In August 2026, the company acquired NYDIG’s institutional trading unit. The deal...