"BitGo B&T's federal bank charter combined with Fold's Bitcoin financial products gives the U.S. its first true national framework for Bitcoin access."
"It replaces a patchwork of state rules with a single, regulated structure, creating a clear path forward for both companies and consumers."
"This is a meaningful moment for both BitGo B&T and Fold."
Fold Holdings' platform is now available in all 50 U.S. states after partnering with BitGo Bank & Trust, which holds an OCC federal bank charter. The partnership enables Fold to operate nationwide under a single federally supervised trust framework, removing prior state-by-state licensing barriers that limited consumer access, including in restrictive states like New York. Fold can now offer Bitcoin exchange and custody services, its Bitcoin Gift Card™, and the upcoming Fold Bitcoin Credit Card™ across the entire country. BitGo provides Crypto-as-a-Service infrastructure to support federally supervised compliance while enabling innovation in rewards, payments, and custody.
Read at Bitcoin Magazine
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