Question · Q2 2025
Bill Papanastasiu inquired about additional read-throughs from the BitLicense grant beyond firming up U.S. market penetration timelines, specifically asking if Bullish plans to expand its custody services.
Answer
CEO Tom Farley clarified that Bullish already offers custody services, allowing customers to use third-party qualified custodians, self-custody, or Bullish's bespoke solution. He stated that the BitLicense approval does not signify any mega changes or extensive business model shifts regarding custody, though some unannounced developments are in the works.