Another brick in the crypto infrastructure wall
BitGo said its MiCA-licensed European arm is now an additional custodian in Virtune’s ETP program. In plain English: BitGo gets to help safeguard assets behind Virtune’s regulated exchange-traded products, starting with the Virtune Stablecoin Index ETP.
That might not sound as flashy as a meme-coin moonshot, but this is the kind of plumbing Wall Street actually pays for. More custody relationships can mean more recurring business, more visibility in Europe, and another proof point that BitGo is trying to be the grown-up in the room while everyone else is still chasing vibes.
Why investors should care
This is less about a one-day headline pop and more about BitGo steadily stacking enterprise relationships. A deeper role in European ETP infrastructure suggests:
- more demand for regulated digital-asset custody
- better positioning inside Europe’s MiCA framework
- another revenue lane beyond the usual crypto noise
Big picture: BitGo keeps leaning into the unsexy but lucrative part of crypto — the stuff that looks boring until you realize it’s the toll booth.