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BTC BitGo's new office in Singapore is completed, and its customer base in the Asia Pacific region triples.
BitGo has opened a new office in Singapore, further deepening its Asia Pacific layout. As the number of customers in the Asia-Pacific region tripled, the digital asset custodian has entered directly into one of Southeast Asia's most important cryptocurrency hubs.
BitGo opens a Singapore office to deepen its Asia-Pacific reach
The company confirmed the official launch of the Singapore office as part of its overall strategy to expand the Asia-Pacific region. For a company that focuses on institutional custody, setting up a physical office in Singapore is significant-because the city-state is the core gateway to regulated crypto activity in the ASEAN region. Singapore's status as a regional financial center makes it an ideal base for serving customers in markets from Jakarta to Manila. The office allows BitGo to be closer to Southeast Asian institutions rather than providing services remotely from other time zones.
Asia-Pacific customers triple, regional demand continues to rise
BitGo said its Asia-Pacific customer base has tripled, a figure that is the core reason for setting up local offices. This increase is the clearest indication that demand for institutional hosting infrastructure is rising across the region. The expansion is BitGo's latest move in the Asian region after the company has obtained a virtual asset license in South Korea, demonstrating its continued model of licensing and localization in the Asian market. For Southeast Asian institutions that are weighing custody service providers, the three-fold increase in the number of customers means that trust in third-party custody as the foundation for professional digital asset custody is expanding.
Impact of this expansion on BitGo's position in Asia
The Singapore base allows BitGo to reach regional customers closer and provide services during local business hours, which is a practical advantage for institutions that need timely response custody and settlement support. It also allows the company to compete directly for commissioned business in the ASEAN region with competitors expanding in the region. This move is in line with BitGo's broader product strategy of connecting institutional customers to the trading and settlement tracks. The company has previously launched linking services to platforms such as Coinbase, Kraken and Crypto.com, and continues to tilt resources towards AI infrastructure and stablecoins. Security has always been its core selling point. BitGo's previously launched quantum protection solution for institutional Bitcoin wallets reflects the custody guarantees that regional customers are increasingly looking forward to. For the ASEAN region, BitGo's launch in Singapore adds a regulated custody option to a market where exchanges such as Indodax, Tokocrypto and Coins.ph are already actively attracting institutional funds. As regional demand grows, the layout of the entity in Singapore will affect the choice of hosting methods for Southeast Asian institutions in the coming months.
