In New York, BitGo Holdings, Inc. has been authorized by the Office of the Comptroller of the Currency (OCC) to transition its subsidiary, BitGo Trust Company, Inc., from a state trust company in South Dakota to a national bank named BitGo Bank & Trust, National Association (N.A.). This transformation allows BitGo's Trust Company to function as BitGo Bank & Trust, National Association following the OCC's recent approval. The move signifies a shift to operating at a national level for BitGo.