BitGo adds ex-Exodus executive as compliance chief

BitGo has appointed Alex Rozman as chief compliance officer effective Sept. 21, placing the former Exodus compliance executive in charge of enterprise compliance and financial crime programs as the NYSE-listed digital asset company expands its regulated institutional business.

BitGo said Rozman will lead engagement with regulators, examiners and banking authorities across the company’s legal entities worldwide, covering a business that now spans federally regulated custody, trading, financing, stablecoin services and institutional settlement.

Rozman takes over global compliance and financial crime work

Rozman joins BitGo from Exodus Movement, where he had served as chief compliance officer since May 2024. His career covers more than 25 years across legal, risk and compliance roles, with experience in anti-money laundering and sanctions programs for banking, financial-market infrastructure and digital asset businesses.

Before Exodus, Rozman led global compliance at Polygon Technology and served as head of financial crime compliance at CLS Bank International. Earlier positions included AML advisory work at Deloitte and Navigant Consulting, now Guidehouse. He sits on the board of the Association of International Bank Audit and Compliance Professionals and previously chaired the Audit & Risk Committee while serving as a director at the CFP Board.

BitGo CEO Mike Belshe called Rozman “a key addition” to the leadership team and said his experience would support the company’s risk management processes and regulatory work as it adds institutional products. Those comments state management’s expectations for the appointment and do not establish future business or regulatory outcomes.

Rozman said companies operating in digital finance need to treat compliance as “core infrastructure.” His new responsibilities include BitGo’s financial crime controls, which cover areas such as AML and sanctions compliance across regulated entities and product lines.

BitGo now operates under a federal trust charter

The appointment follows a major change in BitGo’s U.S. regulatory structure. BitGo Holdings listed Class A shares on the New York Stock Exchange under BTGO on Jan. 22, becoming a public company while its banking subsidiary moved under federal oversight.

The Office of the Comptroller of the Currency approved BitGo Trust Company’s conversion into BitGo Bank & Trust, National Association in December 2025. BitGo later confirmed final operation under the national trust structure in January. The bank is subject to OCC supervision covering areas including capital, risk management, AML controls and fiduciary obligations.

Outside the federal bank, BitGo maintains separate regulated businesses. Its current licenses page lists BitGo New York Trust Company as a New York-qualified custodian, BitGo Europe as a MiCA-regulated crypto-asset service provider in Germany and BitGo Singapore under a Major Payment Institution license. BitGo Technologies is registered with FinCEN as a money services business and holds money-transmitter licenses in several U.S. states.

Compliance requirements differ across those entities, which is why BitGo described Rozman’s position as enterprise-wide while specifying that he will deal with regulators and banking authorities across separate legal operations.

BitGo’s customer identification notice states that its national trust bank and New York trust company collect and verify identifying information from clients as part of federal and state requirements intended to address money laundering and terrorist financing risks.

Institutional expansion has accelerated during 2026

Rozman arrives after several additions to BitGo’s institutional business. On Aug. 27, BitGo completed its acquisition of NYDIG’s institutional trading operation, adding derivatives, structured products, financing and execution services to its existing platform.

As BitGo’s NYDIG acquisition coverage previously reported, the acquired business brought institutional trading relationships and personnel into BitGo while NYDIG concentrated on power infrastructure, Bitcoin mining and high-performance computing. Financial terms were not publicly disclosed.

A few weeks later, BitGo and Crossover Markets reported that institutional clients had passed $2 billion in cumulative notional volume executed through CROSSx and cleared through BitGo’s Go Network. Go Network lets clients settle trading activity while using BitGo infrastructure for custody and settlement.

BitGo has been extending its trading connectivity at the same time. Eligible self-custody clients gained access to Hyperliquid through WalletConnect on Sept. 10, allowing them to place perpetual trades while keeping existing BitGo wallet controls.

The Hyperliquid connection followed integrations with venues including Gate US and Decibel. Recent BitGo settlement coverage reported that Gate US joined Go Network in July, letting eligible institutional customers access exchange liquidity while assets remained in regulated BitGo custody.

Expansion has extended outside the U.S. BitGo Singapore opened a new regional office on Sept. 2 and said its Asia-Pacific client base had tripled since it received its Major Payment Institution license in 2024. The company said Singapore staff numbers had more than doubled during the same period.

Public filings show a larger client and asset base

BitGo’s Aug. 12 quarterly filing showed 5,833 clients as of June 30, up from 4,621 one year earlier. The company reported approximately $65.2 billion in assets on platform and $11.9 billion in assets staked during the quarter. Its client base operated across more than 100 countries.

Second-quarter revenue reached $4.33 billion, compared with $2.41 billion a year earlier, while BitGo recorded a $19 million net loss. Digital asset sales accounted for roughly $4.20 billion of reported revenue, though corresponding direct costs were $4.19 billion because the company records much of that activity on a gross accounting basis.

Stablecoin-as-a-Service revenue reached $38.8 million during the quarter, up from $15.7 million a year earlier. BitGo said growth came from higher reserve balances and new stablecoin programs. Staking generated $64.7 million, while subscriptions and services produced $27.5 million.

The same filing disclosed material weaknesses in BitGo’s internal control over financial reporting involving IT general controls, segregation of duties and staffing expertise in accounting, finance and operations. Management said the weaknesses had not caused a material misstatement in previously issued financial statements. The disclosure concerns financial-reporting controls and should not be treated as evidence of a failure in BitGo’s AML or sanctions programs.

BitGo has not announced any separate change to its existing regulatory licenses in connection with Rozman’s appointment. His tenure as chief compliance officer begins Sept. 21, when he is scheduled to assume responsibility for compliance and financial crime programs across the company’s regulated entities.