BitGo, a leading digital asset infrastructure company, has launched BitGo Mint, a new platform feature for institutional clients. It allows them to create and redeem stablecoins directly within BitGo’s secure system.
The product went live on Thursday and starts with support for USD1 and SoFiUSD, two stablecoins already tied to BitGo’s Stablecoin-as-a-Service offering.
According to the company, the goal is to give institutions one place to handle these actions instead of relying on separate providers and manual steps.
The new service is designed for large professional users, including banks, exchanges, asset managers, fintech firms, market makers, and liquidity providers. BitGo said BitGo Mint brings minting and redemption together with its custody, compliance, policy controls, and reporting tools.
Streamlined operations for institutional clients
A stablecoin is a digital token that is normally developed to maintain a stable price, most commonly pegged to the price of the U.S. dollar. For institutions, creating new coins or redeeming coins for cash can be a long process.
It often involves different parties, separate systems, and manual work. That process involved manual steps, extra time, and higher risk of errors.
BitGo said BitGo Mint is designed to make that process easier. Now, approved clients can access mint and redeem tools directly inside the BitGo platform they already use for custody and trading.
BitGo Mint works with BitGo’s regulated cold storage, policy controls, and reporting tools. This means institutions can set internal rules, monitor activity, and manage compliance from the same platform.
As a result, teams can work faster without giving up security or oversight. The setup also helps firms stay ready for audits and keeps daily operations more organized. For institutions handling large amounts of digital assets, this can lower costs and make operations run more smoothly.
Launch assets and planned expansion
Mike Belshe, CEO and Co-founder of BitGo, said that institutions are looking for infrastructure that is efficient, scalable, and designed for control. And BitGo Mint meets this need by combining minting and redemption into a single workflow, he claimed.
“BitGo Mint brings minting and redemption into a unified institutional workflow, helping clients reduce operational complexity while operating within the platform they already use for digital asset operations. Stablecoins have become increasingly crucial, and BitGo Mint gives institutions the control and efficiency they need to operate at scale,” he added.
BitGo Mint launches with support for USD1, the stablecoin linked to World Liberty, and SoFiUSD, which is issued by SoFi Bank. These are the first stablecoins available on the new service.
BitGo’s system helps create new tokens when approved clients add funds. It also helps remove tokens when clients redeem them for cash.
In this way, BitGo handles the main process behind these stablecoins. This also makes it easier for issuers and partners to work with BitGo’s network of banks, exchanges, asset managers, and market makers.
Going forward, BitGo plans to add more digital assets to the platform. Over time, this could also include tokenized financial products such as money market funds, the company stated.
BitGo said BitGo Mint is part of its bigger plan to build digital asset tools for institutions. This plan covers the full stablecoin process, including issuance, transfers, settlement, and safekeeping.
The company has been working in digital asset infrastructure since 2013. It operates as a publicly traded company on the NYSE under the ticker BTGO.
Today, it offers services such as custody, wallets, staking, trading, financing, stablecoins, and settlement. BitGo Bank & Trust, a federally chartered digital asset trust bank, further strengthens its institutional offering.
BitGo introduced the service as stablecoins gain more use around the world. Payment companies like Convera and Western Union are also expanding their stablecoin efforts.
BitGo expands its institutional services
BitGo’s launch of BitGo Mint arrives alongside other strategic expansions. On 31 March, BitGo Prime introduced a new digital asset financing platform for institutional clients.
The platform brings crypto borrowing, lending, collateral management, and position monitoring into a single workflow.
In the same month, BitGo also expanded its support for the Canton Network. The company added custody, over-the-counter trading, and settlement services for Canton Coin.
BitGo Prime also announced a partnership with Susquehanna Crypto to bring prediction market access to large investors. Through this collaboration, hedge funds, family offices, and other qualified clients can trade event-based contracts directly within BitGo’s platform.
Taken together, these updates highlight BitGo’s wider strategy. The company is trying to bring minting, financing, and settlement tools into one trusted platform.