OKX to Integrate into BitGo’s Go Network Off-Exchange Settlement Solution for U.S. Institutions

Key Terms

off-exchange settlement financial

An off-exchange settlement is the process of completing a trade that was agreed outside a formal stock exchange—such as between brokerage desks or in private deals—where the transfer of shares and payment are handled outside the exchange’s standard systems. Investors should care because these trades can be less visible and may have different timing, costs and the risk that the other party won’t deliver; it’s like buying an item from a private seller versus from a store with set rules and protections.

cold custody financial

Cold custody is the practice of keeping financial assets—most often digital tokens or the secret keys that control them—offline in a secure location so they cannot be accessed over the internet. For investors, it matters because it greatly reduces the risk of theft or hacking (like putting cash in a safe instead of carrying it), but it can make moving or trading those assets slower and may require trusted custodial safeguards or insurance.

occ-regulated regulatory

An OCC-regulated firm is one overseen by the U.S. Office of the Comptroller of the Currency, the federal agency that supervises national banks and federal savings associations. For investors this matters because OCC oversight means the institution must follow federal rules on safety, capital and consumer protections—like having a certified safety inspector—reducing regulatory and operational risk that can affect a bank’s stability and stock or bond value.

segregated custody financial

Segregated custody means a client’s money or securities are kept in separate, clearly labeled accounts apart from the custodian’s own assets, like putting your valuables in a locked personal safe instead of a shared drawer. It matters to investors because it reduces the risk that their assets will be used to pay the custodian’s creditors if the custodian fails and makes recovery or transfer of assets simpler and faster.

qualified custody regulatory

An arrangement where a regulated, vetted third-party custodian holds and safeguards financial assets on behalf of an investor, fund, or company, operating under specific legal and operational standards. It matters to investors because qualified custody reduces the risk of loss, theft or commingling, preserves clear legal ownership and helps meet regulatory and audit requirements — like keeping valuables in a bank safe deposit box that is subject to formal rules and inspections.

Institutions will be able to trade on OKX while assets remain segregated in BitGo's regulated cold custody

NEW YORK & SAN JOSE, Calif.--(BUSINESS WIRE)-- OKX, a leading blockchain technology and trading company, today announced its plan to integrate with BitGo Bank and Trust, National Association, an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo”), bringing automated off-exchange settlement infrastructure to institutional clients trading on OKX in the United States.

The integration will enable institutional clients to trade on OKX while keeping assets in segregated, regulated custody at BitGo. Assets are not transferred or held on exchange, reducing or eliminating pre-funding requirements across venues, improving capital efficiency, reducing counterparty exposure. The entire workflow, from custody to execution to settlement, operates within a single consolidated institutional framework.

Solving a Structural Problem for Institutional Trading

Accessing exchange liquidity has historically required institutions to move assets onto a venue. BitGo’s OES infrastructure, connected to OKX, is designed to address this by enabling institutions to access OKX’s full liquidity and trading infrastructure without transferring assets outside of existing custody arrangements. This approach aligns custody, execution, and settlement within a unified framework while maintaining the safeguards required to meet risk, compliance, and regulatory standards.

OKX has made institutional infrastructure a core part of its U.S. platform, investing in in-house custody solutions and partnerships with regulated third-party providers, and aligning its systems with the expectations of institutional risk teams, compliance officers, and regulators. Liquidity is moving toward venues that can meet institutional standards, and this integration reinforces OKX's position as an institutional platform.

OKX Founder and CEO Star Xu said: "Safeguarding customer assets isn't just a priority, it's foundational to everything we build. Over the years, we've invested significantly in developing a high-standard, in-house custody infrastructure that has been tested and proven at scale. At the same time, we've expanded our custody partnerships with trusted leaders like BitGo to give clients greater flexibility and choice in how they secure their assets. Capabilities such as off-exchange settlement are an important step forward for the industry, reducing counterparty risk while enabling more efficient capital deployment. Combining robust internal systems with best-in-class external partners is key to strengthening trust and accelerating institutional adoption."

BitGo Founder and CEO, Mike Belshe, said: “We’re seeing a clear shift toward Off-Exchange Settlement as institutions look to separate custody from trading risk. Our integration with OKX expands liquidity access for our clients while allowing them to keep assets secure in regulated custody. As institutions continue to adopt this model, we believe we’ll see institutions benefit from more consistent workflows, lower operational complexity, and better capital efficiency across the market.”

For more information on OKX's institutional offering in the U.S., contact us-institutions@okx.com. For more information about BitGo’s Off-Exchange Settlement offering, visit: https://www.bitgo.com/products/go-network-oes/.

About OKX

OKX is a fintech company known for its global crypto trading platform and its on-chain wallet and marketplace. The company develops technology and applications to modernize money and markets. OKX is known for being one of the fastest and most reliable crypto and payment apps, having processed trillions of dollars in transactions by more than 120 million people around the world.

OKX is headquartered in San Jose, California, for the Americas and in Dubai for the Middle East, with regional offices in São Paulo, New York, Hong Kong, Singapore, the Republic of Türkiye, Australia and Europe. Over the past several years, OKX has built one of the world's most comprehensive regulatory compliant, licensed crypto companies. It holds licenses in the United States, the UAE, EEA, Singapore and Australia, as well as in other markets.

OKX is steadfastly committed to transparency and security and publishes Proof of Reserves reports on a monthly basis. To learn more about OKX, download the app or visit: okx.com.

About BitGo

BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry's top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit www.bitgo.com.

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict, that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the highly volatile nature of digital assets, technical issues in connection with the integration of supported digital assets and changes and upgrades to their underlying network, heightened scrutiny of our industry and operations, the theft, loss, or destruction of private keys required to access any digital assets held in custody for our own account or for our clients, errors in executing client transactions or managing our own trading activities, and the other factors discussed in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2026, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions. While the Company believes these forward-looking statements are reasonable, readers of this press release are cautioned not to place undue reliance on any forward-looking statements. The information in this release is provided only as of the date of this release, and the Company does not undertake any obligation to update any forward-looking statement relating to matters discussed in this press release, except as may be required by applicable securities laws.

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Media Contact
press@bitgo.com

Source: BitGo Holdings, Inc.