Fold Holdings, Inc. ($FLD), a publicly traded Bitcoin financial services company, just announced that its platform is now available in all 50 U.S. states.
The expansion follows a strategic partnership with BitGo Bank & Trust, which recently became one of the first digital asset companies to secure a federal bank charter from the Office of the Comptroller of the Currency (OCC).
The move marks a rare milestone in U.S. consumer Bitcoin services: Fold is the first platform to operate nationwide under a single federally supervised trust framework.
Previously, state-by-state licensing and regulatory barriers constrained consumer access, particularly in states like New York. With BitGo’s charter, Fold can now provide Bitcoin exchange and custody services across the entire country, including historically restrictive markets, this is according to the company’s statement shared with Bitcoin Magazine.
Fold wants a ‘national framework’ for Bitcoin
“BitGo B&T’s federal bank charter combined with Fold’s Bitcoin financial products gives the U.S. its first true national framework for Bitcoin access,” said CEO Will Reeves. “It replaces a patchwork of state rules with a single, regulated structure, creating a clear path forward for both companies and consumers.”
Reeves emphasized that nationwide availability allows the company to scale its offerings and deliver Bitcoin products in line with federal oversight.
The company’s consumer-facing products include its Bitcoin Gift Card™ and the upcoming Fold Bitcoin Credit Card™, which will now reach previously untapped markets.
BitGo provides the digital asset infrastructure through its Crypto-as-a-Service platform, enabling them to operate within a federally supervised compliance framework while continuing to innovate in rewards, payments, and custody services.
“This is a meaningful moment for both BitGo B&T and Fold,” said Frank Wang, Executive Director of Fintech Sales at BitGo. “Our conversion to a federal bank charter allows us to support consumer platforms at a national level, and Fold is a natural partner in that effort. Access has been limited by geography, but with a national framework, both companies can now operate as intended — responsibly and across the entire U.S.”
This partnership positions FLD to capture a wider audience while aligning consumer crypto services with federal standards. At the same time, reliance on BitGo introduces dependencies: any regulatory or operational issues at BitGo could affect the company’s nationwide offering.
Fold is beginning to onboard users nationwide, the company said, with details of product availability to be shared as the rollout progresses.
