Ex-Banker Dick Corcoran will oversee billions of dollars in value as CEO of the recently formed BitGo Trust Company.
State Street bank says there's no sense of urgency yet from clients for it to move into safeguarding crypto assets.
BitGo now supports over 100 assets, including new stablecoin offerings, as it works to offer a wide spectrum of services for institutional investors.
U.K.-based security services company G4S now offers a crypto custody service aimed to protect investors' digital assets from hacks and theft.
Crypto security startup BitGo has received approval in the U.S. to act as a qualified custodian for digital assets.
Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to a report.