Crypto Firm BitGo Appoints Cassandra Lentchner As COO For BitGo Trust Companiesbr>
Digital asset financial services company BitGo has appointed Cassandra Lentchner as Chief Operating Officer (COO) for the BitGo Trust Companies, subject to regulatory approval.
BitGo offers institutional crypto financial services and provides clients with security, compliance, custodial, and liquidity solutions. In 2018, the firm launched BitGo Trust Company, a qualified custodian purpose-built for storing digital assets. At present, BitGo supports over 400 coins and tokens and processes over 20% of all global on-chain bitcoin transactions.
Lentchner has over 20 years of experience in the financial services industry. She has built an exceptional reputation as both a regulator and as counsel for industry participants. She 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 was previously Senior Counsel at Pillsbury Law where she helped clients develop and implement compliance programs and advised on regulatory, cybersecurity, as well as privacy and security laws.
Before joining NYDFS in 2016, Lentchner held senior positions in the legal and compliance departments at Morgan Stanley and UBS, where her work focused on government and political activities compliance, ethics, anti-corruption and global financial crimes. Earlier in her career, she was in private practice and served on Capitol Hill, where she held the position of Special Counsel for the U.S. House of Representatives Committee on Education and the Workforce. Additionally, she served as Senior Counsel for the U.S. Senate, Governmental Affairs Committee.
For her new role, Lentchner will 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. The BitGo Trust companies consist of BitGo Trust Company and BitGo New York Trust Company, regulated by the NYDFS in 2021.
“Cassie has extensive knowledge of the financial services industry, both as an accomplished regulator and legal advisor for clients with complex product and services needs,” said BitGo CEO Mike Belshe. “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.”