TL;DR
- Flare appointed BitGo as the institutional custodian for FLR and SGB. Adding a regulated and secure option to manage these tokens.
- The integration allows institutional clients to use BitGo’s infrastructure. Which complies with strict regulations and ensures fund protection through segregated accounts.
- Support for staking and other Flare features will be added soon, making active participation and platform growth easier.
Flare announced that BitGo will serve as the institutional custodian for its FLR and SGB tokens, providing a regulated and secure custody solution for these assets.
This partnership enables institutional clients to manage their funds with a globally recognized provider that offers infrastructure aligned with the compliance and security requirements demanded by the most stringent financial markets.
$FLR and $SGB are now supported by @BitGo—a globally trusted and licensed custodian.
This marks a major step in making @FlareNetworks institutional-ready, with secure access across the U.S. and Europe.
A catalyst for Flare’s growth, with staking support coming soon. pic.twitter.com/9OwBp5DpYa
— Flare ☀️ (@FlareNetworks) June 12, 2025
With this integration, institutional users can access BitGo’s custody platforms to handle FLR and SGB. In the coming months, support for staking and other native Flare features will be added, facilitating seamless integration and active involvement within the ecosystem. This collaboration will be essential for launching new products and expanding into regulated markets where trust and compliance are critical.
Flare Will Operate in Regulated Markets Under MiCA
BitGo provides Flare with infrastructure designed for institutional clients, including segregated accounts that guarantee fund security and meet strict regulatory standards. It holds licenses that allow FLR and SGB to be listed on regulated European markets under MiCA, and is registered with the New York Department of Financial Services (NYDFS), one of the main regulatory bodies in the U.S. This establishes a solid legal foundation for operations in these regions.
This partnership arrives at an ideal time for Flare, which recently attracted the attention of VivoPower. A publicly traded company that committed $100 million in XRP to deploy a treasury strategy on the Flare network. This institutional adoption highlights growing interest in using FLR as a platform for managing and developing digital assets.
Founded in 2013, BitGo leads digital asset solutions by offering custody. Wallets, staking, trading, financing, and settlement services through regulated cold storage. It serves over 2,000 clients across 90 countries and protects assets worth more than $100 billion.
Through this alliance, Flare strengthens its ability to operate in regulated markets. Providing its clients with a level of security and compliance aligned with the demands of the financial industry
