BitGo has opened a new office in Singapore, deepening its commitment to Asia Pacific as its APAC client base triples, a move that places the digital asset custody firm directly inside one of Southeast Asia’s most important crypto hubs.
BitGo opens a Singapore office to deepen APAC coverage
The company confirmed the launch of its Singapore office as part of a broader push into the Asia Pacific region, according to a Business Wire announcement. For a firm centered on institutional custody, an on-the-ground presence in Singapore matters because the city-state functions as the primary gateway for regulated crypto activity across ASEAN. For related coverage, see Coinbase Opens Abu Dhabi Tokenization Hub After FSRA Approval.
Singapore’s role as a regional financial center makes it a logical foothold for serving clients across markets from Jakarta to Manila. The office gives BitGo a base closer to Southeast Asian institutions rather than servicing them remotely from other time zones.
Tripled APAC client growth shows rising regional demand
BitGo said its Asia Pacific client base has tripled, the figure cited as the core rationale for establishing a local office, as reported in the company’s statement. That growth is the clearest signal in the announcement that demand for institutional custody infrastructure is rising across the region.
The expansion follows other regional steps by the firm. BitGo has moved to build out its footprint elsewhere in Asia, including when BitGo said it secured a South Korea virtual asset license, underscoring a pattern of licensing and localization across Asian markets.
For Southeast Asian institutions weighing custody providers, a tripled client base points to broadening trust in third-party custody as a foundation for holding digital assets under professional safekeeping.
What the expansion means for BitGo’s position in Asia
A Singapore base gives BitGo closer access to regional clients and the ability to service them within local operating hours, a practical advantage for institutions that need responsive custody and settlement support. It also positions the firm to compete more directly for ASEAN mandates against rivals expanding in the same region.
The move fits BitGo’s wider product strategy of connecting institutional clients to trading and settlement rails. The company has already worked to widen those connections, such as when BitGo launched Link connecting clients to Coinbase, Kraken and Crypto.com, and has continued shifting resources toward AI infrastructure and stablecoin focus.
Security remains central to that pitch. BitGo’s earlier move to roll out quantum protection for institutional Bitcoin wallets reflects the kind of custody assurances regional clients increasingly expect.
For ASEAN, BitGo’s Singapore launch adds another regulated custody option in a market where exchanges such as Indodax, Tokocrypto and Coins.ph continue to court institutional flows. As regional demand grows, a physical presence in Singapore could shape how Southeast Asian institutions approach custody in the months ahead.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
