BitGo, a digital asset financial services provider, announced earlier this week it has appointed Cassandra Lentchner as the new Chief Operating Officer for BitGo Trust companies. According to BitGo, Lentchner has more than 20 years of experience in the financial services industry. She notably oversaw compliance and regulatory standards for New York’s groundbreaking BitLicense and cybersecurity policy, when serving as Deputy Superintendent of Compliance for New York Department of Finance Services (NYDFS).
Lentchner will notably be responsible for managing the BitGo Trust Companies’ operations to meet the high standards of customer care and provide safe and sound custody of their assets. Speaking about the appointment, BitGo CEO, Mike Belshe, stated:
“With her substantial compliance and cybersecurity experience, she is uniquely qualified to oversee the operations and responsibilities of the BitGo Trust Companies and execute our mission to safeguard digital assets in the most secure way possible. We’re excited to have her join the team and help bring BitGo to the next level of operational performance as it scales to new heights.”
Founded in 2013, BitGo claims it is the leader in digital asset financial services, providing institutional investors and crypto platforms with liquidity, custody, and security. In 2018, the company launched BitGo Trust Company, which is a custodian purpose-built for storage digital assets.
“BitGo processes over 20% of all global Bitcoin transactions, and supports over 250 coins and tokens. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and spans more than 50 countries, including qualified custodial entities in Switzerland and Germany.”
BitGo recently announced it was awarded a contract to custody digital assets for the U.S. Marshals Service (USMS). BitGo revealed at the time through BitGo Trust Company it will secure digital assets for the USMS with the highest level of security, regulatory oversight, and operational efficiency.