BitGo CEO Mike Belshe on Institutional Custody and Bitcoin Security

BitGo co-founder and CEO Mike Belshe discusses the evolution of institutional Bitcoin custody in 2026. The conversation covers the practical application of security models, including the 2-of-3 multisig structure, HSM-backed co-signing, and the benefits of on-chain multisig over vendor-locked MPC. Belshe also addresses operational risks such as KYC data vulnerabilities, the impact of geopolitical regulations on asset movement, and the importance of wallet management strategies to mitigate institutional failure modes.