BitGo Unveils Modular Bank Platform as Q1 Revenue Doubles to $3.8B
BitGo launched a modular digital-asset platform for banks, offering custody, trading, settlement, staking and stablecoin services adopted by Erebor Bank, Banco de Crédito del Perú, TowerBank and InvestiFi. In Q1 revenue jumped to $3.8 billion from $1.8 billion year prior while net loss narrowed to $60.7 million, driven by non-cash bitcoin treasury adjustments.
1. Modular Platform Launch
BitGo rolled out a modular digital-asset infrastructure platform targeting banks and financial institutions. The platform integrates custody, trading, settlement, staking and stablecoin modules, allowing clients to adopt specific services incrementally while retaining compliance and governance controls.
2. Early Bank Adopters
Erebor Bank, Banco de Crédito del Perú, TowerBank and InvestiFi have already implemented the modular stack. This early adoption signals growing institutional demand for customizable onchain services within regulated frameworks.
3. Q1 Financial Results
In the first quarter, BitGo reported revenue of $3.8 billion, up from $1.8 billion a year earlier. The company narrowed its net loss to $60.7 million, attributable in part to non-cash losses on its bitcoin treasury holdings.
4. Strategic Positioning
By breaking its offerings into modules, BitGo positions itself as a flexible infrastructure partner rather than a one-stop custodian. This strategic pivot could accelerate bank migrations to digital assets and support further revenue diversification.