BitGo and OTC Markets propose digital asset securities alliance for 150 broker-dealers

BitGo and OTC Markets Group said they plan to partner on trading and custody infrastructure for digital asset securities, a proposal aimed at giving more than 150 broker-dealers on OTC Link ATS access to tokenized securities through systems they already use for over-the-counter and U.S. equity markets. Under the proposed setup, BitGo Bank & Trust would act as the qualified custodian, while settlement would run through BitGo’s Go Network. The framework is initially designed for digital asset securities and could later expand to tokenized assets and commodities as rules develop. The move comes as traditional financial institutions push further into tokenization (issuing real-world assets on blockchain rails) and U.S. regulators work toward clearer digital asset market rules. BitGo received final approval in December from the OCC (U.S. national bank regulator) to operate as a federally chartered national trust bank. OTC Markets Group shares rose roughly 2.7% to $53.50 by midday Wednesday on thin volume. Analysts at Bernstein have projected tokenized real-world assets could reach up to $4 trillion by 2030, and said tokenization and prediction markets are the next assets “battleground” for exchanges and brokers.