[DigitalToday reporter Chi-gyu Hwang (황치규)] Digital asset infrastructure company BitGo has launched a modular digital asset infrastructure platform for banks.

According to a recent Cointelegraph report, the platform BitGo introduced targets banks and financial institutions reviewing cryptocurrency products and on-chain payments. It provides integrated custody, trading, payments, staking and stablecoin infrastructure.

Banks can adopt only the services they need on a standalone basis. BitGo explained it designed the platform so financial institutions can connect functions while maintaining control over regulatory compliance, governance and customer-facing operational controls. It also provides a crypto tools-as-a-service product that can offer custody, wallet and trading services under an institution's own brand. Institutions can adopt products in stages based on operating conditions and regulatory requirements.

Erebor Bank, Banco de Credito del Peru, Towerbank and Investipay are already using the platform. U.S.

Founded in 2013, BitGo has provided cryptocurrency custody, trading, staking and payment services to banks, exchanges and institutional investors.

BitGo posted $3.8 billion in first-quarter revenue. That was a sharp increase from $1.8 billion a year earlier. It recorded a net loss of $60.7 million due to the impact of non-cash losses linked to the value of its bitcoin holdings.