HTX has partnered with BitGo Singapore to integrate its Go Network Off-Exchange Settlement (OES) solution to allow institutional clients to trade digital assets on HTX while keeping their funds secure in regulated cold storage.
The integration aims to reduce counterparty risk, improve capital efficiency, and streamline post-trade workflows for institutions engaging with the HTX platform.
Justin Sun, Advisor to HTX, commented, “At HTX, security and trust are non-negotiable. By integrating BitGo’s Go Network, we’re setting a new standard for institutional-grade trading. We are excited to collaborate with BitGo to deliver a next-level trading experience that prioritizes user protection and operational excellence.”
With Go Network, client assets remain held in cold custody by BitGo Singapore, a licensed Major Payments Institution regulated by the Monetary Authority of Singapore. Funds never sit on the exchange, ensuring full client ownership, bankruptcy remoteness, and $250 million in insurance coverage. Institutions can allocate capital for trading without moving assets onto HTX directly, mitigating exposure and preserving liquidity access.
The collaboration brings operational efficiency to institutional users by automating post-trade settlement inside BitGo’s infrastructure, reducing manual processes and reinforcing compliance protocols. The model separates custody from exchange operations, a key requirement for many institutional participants entering the crypto asset market.
BitGo’s Go Network has become a go-to solution for crypto-native firms and traditional financial institutions requiring secure digital asset workflows. HTX joins other exchanges in adopting off-exchange settlement architecture as institutional standards around risk and compliance continue to evolve.
Founded in 2013, HTX operates across multiple verticals including derivatives, investments, and blockchain R&D. Its expansion into institutional infrastructure follows broader efforts to grow its Web3 service portfolio while maintaining user safety through partnerships and technological integrations.
BitGo, which also launched its Singapore-regulated entity to support growing Asia-Pacific demand, continues to serve thousands of institutions with its custody, staking, and trading solutions. As the largest independent custodian of digital assets, BitGo processes a significant portion of Bitcoin transactions and supports some of the most recognized players in the industry.
The integration reinforces HTX’s position as a trading venue focused on institutional-grade solutions, built on infrastructure that allows market participants to move quickly while remaining in control of their assets.
Last week, KuCoin announced its integration with BitGo Singapore’s Go Network for Off-Exchange Settlement, enabling institutional clients to trade without pre-funding exchange wallets. The exchange described the move as part of its $2 billion Trust Project focused on boosting institutional confidence and platform security.
The partnership allows KuCoin to offer institutional clients asset segregation through BitGo Singapore’s regulated custody framework. BitGo Singapore is licensed as a Major Payment Institution by the Monetary Authority of Singapore. Clients can now execute trades on KuCoin’s platform — across spot, margin, options, and perpetual futures — while assets remain in custody under BitGo’s insurance-covered accounts.
KuCoin said the setup mitigates counterparty and systemic risks by separating custody from execution, with additional features including delegated trading access and automated post-trade settlement.
BitGo, founded in 2013, operates one of the industry’s largest independent digital asset custody and settlement platforms. Its Go Network solution is designed to address growing concerns about counterparty risk, particularly following multiple exchange insolvencies in recent years. Through BitGo Singapore, the company extends regulated custody services across Asia, serving institutions active in cryptocurrency and tokenized assets.
It was in late 2024 that BitGo announced the official launch of its Singapore operation, designed to provide regulated and secure digital asset custody, trading, settlement, and token management services to the broader APAC region. The cryptocurrency firm obtained its Major Payment Institution License from the Monetary Authority of Singapore (MAS) in August 2024.
