Name: Chen Fang, BitGo
Uploaded: 2026-01-22T18:00:00.000Z
Duration: 8 min 56 s

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More from theCUBE + NYSE Wired: BitGo IPO

Chen Fang

CRO

BitGo

play_circle_outline Introduction of BitGo's IPO on the New York Stock Exchange.

play_circle_outline The importance of security and trust in digital asset custody.

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Chen Fang, BitGo

Chen Fang

CRO BitGo

In this interview from the New York Stock Exchange, Chen Fang, chief revenue officer of BitGo, joins theCUBE’s John Furrier to celebrate BitGo’s IPO and discuss the evolution of digital asset custody from a niche service to critical global financial infrastructure. Fang details BitGo’s 13-year journey – predating Ethereum and Solana – highlighting how the company has pioneered the category of the digital asset trust company. He explains how BitGo’s model combines physical security, featuring strictly offline bank vaults, with sophisticated software to serve a... Read more

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Chen Fang, BitGo

John Furrier

>> Hello, and welcome to theCUBE. I'm John Furrier, your host. We are live on the show floor of the New York Stock Exchange, part of theCUBE's East Coast presence here at the NYSE. Of course, we're a Palo Alto studio connecting Silicon Valley and Wall Street. Today we're celebrating and honoring BitGo for their IPO. Chen Feng is their Chief Revenue Officer, BitGo pioneering the category. Welcome to theCUBE. Congratulations on your IPO.

Chen Fang

>> Thank you so much. It's been an exciting morning.

John Furrier

>> One of the things about digital assets and custody that you guys have pioneered as a platform is going to open up massive opportunities. One, it's a great service. The alternative is just inadequate insurance, risk. Now you got to the blockchain. Explain the BitGo IPO. What does that mean for people that are looking at this market, looking at crypto? What does it mean? What does that signify to you?

Chen Fang

>> First things first, we've been around for quite a long time. This company is 13 years in the making, and 13 years, especially in the crypto lens, that's a very, very long time. So this dates back to the early days whereby we just had Bitcoin. This is before Ethereum, this is before Solana. This is before most of other white papers that existed. And for the last decade-plus, what we have done is we have been an instrumental part in providing raw infrastructure for this ecosystem. We're talking wallets, custody, et cetera, that hundreds, now thousands of companies around the world use.

John Furrier

>> You guys have built the most comprehensive custody platform. I think that's important to point out, but there's also a lot of headroom. So first, explain the custody market opportunity and what is the headroom that you see. Because the early adopters are getting the money in, they get the custody. What's that mean from a customer standpoint, market opportunity, and then what's the headroom?

Chen Fang

>> Look, if you look at how it's set up, at the very bottom of BitGo, we're actually a securities software company. Wallets is our core. On top of wallets, we've frankly pioneered this concept of a digital asset trust company. We were one of the first digital asset trust companies in the United States. We took that model and replicated it across the world. So it doesn't matter whether you're in Europe, whether you're in MENA, Singapore, Asia, there's a version of BitGo that has the same security elements for you in that market. And then from a custody perspective, frankly, that's also a fundamental building block to the rest of the opportunity. Everything starts with custody, and on top of custody you can unlock a bunch of additional services like trading, borrow-lend margin, et cetera, staking, as an example. In terms of the opportunities, if you think about custody as a base use case and you basically marry that with the RWA opportunities that exist, everyone in finance across all the major cities around the world, they're talking about bringing all sorts of various RWAs on chain. Every single one of those tokens that eventually will be created that represent various real-world assets, will need a custodian of some kind. And keep in mind, these are bearer assets that we're talking about. So if you lose the keys, really bad things happen. You cannot recover.

John Furrier

>> So security and trust are huge.

Chen Fang

>> Huge, absolutely huge, and the way we approach custody is actually very unique. When we say offline storage at BitGo, it's actually offline. We're talking about physical vaults, like literally bank vaults, with very, very thick steel. In the United States, because we love guns so much here in the U.S., there's guys with guns standing outside the vaults, so it's kind of ironic. The best way to protect billions ... in the future, trillions ... of dollars' worth of digital assets, ironically, it's with physical security.

John Furrier

>> And physical and AI are coming together. That's one of the hottest trends if you look at the Nvidias of the world, is physical AI, but also physical AI is coming to crypto because you see the convergence of the real world ... RWA, real-world assets ... and digital as first-party citizens, interacting with each other. What I like about BitGo is you guys are an infrastructure company and I like how you guys position that way, so I want to get your thoughts, because the trend that we're seeing on the mainstreaming is moving from the classic hold, store value, to hold and build.

Chen Fang

>> That's right.

John Furrier

>> Hold and build means you gotta build value on top of the platform.

Chen Fang

>> Right. Right.

John Furrier

>> This platformization of the financial stack that's happening, to me is the biggest story. What's your reaction to that? How would you describe how you fit into that narrative?

Chen Fang

>> A sea change is coming. I think the CEO of Anthropic at Davos yesterday basically said within 12 months, software engineering as a concept is not going to exist anymore. I wholeheartedly agree. So on one end, thanks to AI, anyone with an idea is able to talk to an AI and create software out of thin air, effortlessly. On this other end, the space that we are in, we're providing raw infrastructure, all the raw ingredients to make some of these future applications possible. And when you combine the raw infra that BitGo's providing, along with some other service providers, with this new world whereby anyone off the street is able to talk to AI and create an app, think about the possibilities. We're going to be in a world whereby there's going to be thousands if not tens of thousands of these new financial apps built on these rails.

John Furrier

>> I think the infrastructure you guys are building is forcing a level-up that matches the AI velocity. We cover the developer market on the AI side. It's booming. We're covering the developer market on the crypto side. And you're seeing in the regulatory markets, the fog is lifting.

Chen Fang

>> Yes.

John Furrier

>> You've got the Clarity Act, you've got the GENIUS Act. Things are happening. You've got USD One. You've got to have a partnership there, so you've got a one-to-one match.

Chen Fang

>> Absolutely.

John Furrier

>> You've got currency, locked in digitally. What's that going to enable? Because you guys do wallet services now, but there's a financial services market. There's a product and solution. So the combination of that enablement is going to bring, we predict from theCUBE research, a tsunami of developers and builders.

Chen Fang

>> Absolutely. We work very closely with developers, large and small, right? On the larger end, there's hundreds if not thousands of brands. These are really, really big brands that basically are built on BitGo. If you pull a random name out of the hat within the crypto space, there's probably some connectivity back to BitGo. On the smaller end of the spectrum, we work with these early crypto developers as well, providing them with really low-cost APIs to get started from a wallets perspective. And then if you look at the mixture of products and services that we have, what makes BitGo unique is we have literally everything here. Whether it's pure software, whether it's financial services or a mixture of the two, whether it's the U.S. or, going back to my earlier statement about our global footprint, we are one of the most global companies in this space, right? Pick your market, pick your services. We can get you online within a matter of hours.

John Furrier

>> I saw this movie about 15 years ago when Amazon Web Services came out. You had enterprises, you had a classic data center, and then you had enterprises move to the cloud, which is self-service. You guys have a very similar vibe.

Chen Fang

>> That's right.

John Furrier

>> Enterprises are institutions. Okay? They are using the platform. Users are individuals, and then you've got the whole currency side. Hold, deploy, build. That's like you build something, you deploy to the cloud, and then you build on top of it. That's happening in the financial infrastructure.

Chen Fang

>> Absolutely.

John Furrier

>> Explain what that means.

Chen Fang

>> Again, it's a new wave of financial applications that can be built very, very effortlessly. If you are in finance, absolutely zero abilities in computer science, soon enough, you're able to take some of these ideas and make it into your reality.

John Furrier

>> Well, technology is the market, politics and technology. That's the theme at Davos. You've seen the regulatory seeing a very good, friendly environment.

Chen Fang

>> Yes.

John Furrier

>> Who are your primary customers right now, and who are your customers in the next wave of your journey?

Chen Fang

>> Yeah. We service almost every part of the market. On the software side, there's a lot of large FinTech platforms that are built on BitGo. On the traditional finance side, whether it's the hedge funds or the traders or the banks even, right, if you want to activate digital assets, we are the shop to call.

John Furrier

>> So would you say that the real market opportunity is the tailwind of assets coming on chain, that the digitization, tokenization of assets, is the primary driver?

Chen Fang

>> That is definitely one of the trends that we're seeing. But again, our product surface area is pretty broad and we're working with everyone, including governments as well.

John Furrier

>> Chen, thank you so much for coming on theCUBE.

Chen Fang

>> Absolutely.

John Furrier

>> Congratulations on the IPO.

Chen Fang

>> Thank you.

John Furrier

>> I'm John Furrier with theCUBE. You're watching the Crypto Trailblazers, a special live stream on the show floor of the New York Stock Exchange, under the bell, celebrating the IPO of BitGo. Thanks for watching.