Key Takeaways
- • UstarPay has engaged BitGo Bank & Trust, National Association, an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO), as custodian for the digital assets held behind its digital asset payment and card infrastructure.
- • According to the announcement, customers retain ownership and beneficial interest in their assets, and customer assets are not intended to be transferred to the custodian as proprietary assets.
- • The arrangement is positioned as part of UstarPay's "Real Crypto, Real Life" PayFi strategy, which links supported digital assets to card-based spending and real-world transactions.
- • The announcement is a company-issued press release; it does not disclose custody volumes, fees, or contract terms.
Summary
UstarPay, a Hong Kong-based digital asset payment provider, has selected BitGo Bank & Trust, National Association, as the custodian for the digital asset holdings that sit behind its payment and card infrastructure, according to a press release distributed by Media OutReach Newswire on November 5, 2026. BitGo Bank & Trust is an OCC-regulated digital asset trust bank and a subsidiary of BitGo Holdings, Inc. (NYSE: BTGO), a digital asset infrastructure company that serves institutional clients across custody, wallets, staking, trading, financing, stablecoins and settlement, and has operated since 2013.
The announcement states that a core principle of the arrangement is that customers retain ownership and beneficial interest in their assets. Customer assets are not intended to be transferred to the custodian as proprietary assets, and the custody structure is described as designed to support clear separation of rights and responsibilities. UstarPay frames this with the statement that "Customer assets should remain customer assets."
UstarPay describes the engagement as part of its broader "Real Crypto, Real Life" positioning, aimed at making supported digital assets more usable in card-based spending and other real-world transactions. The company says that usability must be matched by security, transparency and compliance readiness as PayFi develops, and it characterizes BitGo's institutional infrastructure as supporting the reliability required for these payment flows.
The release does not disclose the value of assets under custody, contract terms, fees, or the specific digital assets supported. The figures and claims above are company statements and have not been independently verified.
The announcement states that a core principle of the arrangement is that customers retain ownership and beneficial interest in their assets. Customer assets are not intended to be transferred to the custodian as proprietary assets, and the custody structure is described as designed to support clear separation of rights and responsibilities. UstarPay frames this with the statement that "Customer assets should remain customer assets."
UstarPay describes the engagement as part of its broader "Real Crypto, Real Life" positioning, aimed at making supported digital assets more usable in card-based spending and other real-world transactions. The company says that usability must be matched by security, transparency and compliance readiness as PayFi develops, and it characterizes BitGo's institutional infrastructure as supporting the reliability required for these payment flows.
The release does not disclose the value of assets under custody, contract terms, fees, or the specific digital assets supported. The figures and claims above are company statements and have not been independently verified.
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