Neobank
Ensuring safe Bitcoin investments
Globally trusted since 2013
Key Outcomes
Since Bitstack selected BitGo as their regulated qualified custodian, notable achievements include:
Accelerated product development
By leveraging BitGo’s secure infrastructure foundation, Bitstack was able to scale [their] platform to now serve millions of customers with a strong compliance and security posture.”
Increased trust and confidence with users
Bitstack’s customers have the reassurance knowing their bitcoin is safeguarded by a regulated custodian with up to $250M in insurance coverage as well as multi-signature technology and advanced access controls.
Proactively addressed complex and shifting global regulatory obligations
BitGo’s global presence and its status as a regulated entity in multiple countries, including the USA, Denmark, and Switzerland, enable Bitstack to effectively meet complex compliance requirements, particularly those related to crypto asset regulations in the European market.
The challenge
Co-founders Alexandre Roubaud and Kabir Sethi launched Bitstack with a mission to help people secure their financial future by participating in a more open and inclusive financial system. However, convincing their mainstream audience to save and invest in bitcoin through decentralized finance posed unique challenges, particularly around security and compliance. Roubaud recognized that there was a need to abstract the complexity of handling and securing digital assets with institutional grade custody. This means enforcing the highest standard of security and compliance while making it seamless for the user.
To achieve this level of security, Bitstack turned to a trusted partner. Registered as a digital asset service provider with Frances Financial Markets Authority and recognized as one of the most secure and trusted crypto native banks for bitcoin, Bitstack sought a best in class qualified custodian with a proven history of delivering the highest level of security in the digital industry. This is why Bitstack chose BitGo as their strategic, trusted qualified custodian partner to ensure their clients bitcoin is held with the utmost compliance and security.
A future built on a foundation of security and compliance
As Bitstack looks ahead to more innovative launches, such as offering a Visa debit card that allows users to spend assets anywhere while earning bitcoin on everyday purchases, security remains more important than ever.
With BitGo as a trusted partner, Alexandre shares that customers have peace of mind knowing their bitcoin is held with the custodian that offers the highest level of compliance and security in the industry.
Own your
financial future
