BitOoda Digital, a crypto-asset services platform providing compliant capital markets solutions for institutional clients (subsidiary of BitOoda Holdings), announced that the New York Department of Financial Services (DFS) granted the company a Virtual Currency License, also known as the BitLicense.

The company provides brokerage services and other offerings including derivatives brokerage, proprietary hedging solutions, investment banking, consulting, and research and advisory services.

With this approval, BitOoda Digital is now allowed to compliantly cover institutional clients in New York and also to establish its headquarters in the financial center of New York City. BitOoda plans to build out a full-service sell-side research sales firm.

“We are grateful for the constructive and collaborative experience we had in working with the DFS team, and we’re thrilled to be able to serve New York, cryptocurrency clients. This represents a great example of the public and private sectors coming together to thoughtfully drive responsible innovation and will give greater confidence to digital asset investors, as our goal is to bring more institutional capital to rapidly grow the asset class in a fully-regulated manner.” – BitOoda CEO, Tim Kelly

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