AsianFin -- Crypto custody provider BitGo Inc. has seen its assets under custody soar to over $100 billion in the first half of 2025, up from $60 billion at the start of the year, according to Abel Seow, the firm’s Asia-Pacific managing director.

The sharp increase comes as institutional and retail adoption of digital assets accelerates, fueled by growing regulatory clarity across global markets, Seow said in an interview.

Roughly half of BitGo’s total assets under custody are tied to staking — the process of locking up crypto tokens to support blockchain network operations in exchange for rewards.