BitGo CPO affirms custodian cannot access assets without permission

BitGo: BitGo is a digital asset infrastructure company offering custody, wallets, settlement, and related institutional services, with a focus on regulatory compliance and expanding capabilities in trading and tokenization support. It operates as a publicly traded entity on the NYSE and partners with various platforms for off-exchange solutions. In this news, BitGo highlights its role as a fiduciary custodian that requires explicit client direction before any lending or redeployment of assets. Eugene Hahr: Eugene Hahr serves as Chief Product Officer at BitGo, guiding product strategy with an emphasis on clarity, asset servicing, and support for tokenized securities and equities. He has recently discussed how tokenization could enable broader market access and stronger custody infrastructure. In this news, Hahr affirms BitGo's policy of not accessing or redeploying client assets without explicit permission as a regulated fiduciary. Fiduciary Standards: Regulated custodians in the digital asset space operate under strict rules that prohibit unauthorized use or lending of client holdings. Client Control Emphasis: Institutional crypto custody providers highlight explicit client authorization as a core principle to build trust and differentiate from less regulated entities.