Xapo was founded in 2013 as a Bitcoin wallet and custody provider, and has since evolved into a fully licensed digital retail bank headquartered in Gibraltar. Operating under dual regulatory licences - as both a credit institution and a Virtual Asset Service Provider - Xapo Bank combines traditional banking infrastructure with Bitcoin-native financial services. Its security model is built on three layers: Multi-Party Computation (MPC) cryptography, physical underground vaults, and additional digital safeguards developed over more than a decade of Bitcoin custody.
The bank offers a range of products that sit at the intersection of conventional finance and cryptocurrency. Members can hold Bitcoin in custody, earn interest paid in Bitcoin, take out Bitcoin-backed loans, and access US stocks and ETFs from a single platform. A global debit card provides up to 1% uncapped Bitcoin cashback on purchases. The product suite is underpinned by Xapo's regulatory standing, which distinguishes it from unregulated crypto platforms.
Xapo operates globally with a distributed team of over 130 employees spread across more than 30 countries. Engineering work spans Bitcoin custody systems, MPC cryptography, payments infrastructure, lending products, and regulatory compliance for virtual asset services - reflecting the technical breadth required to run a regulated bank with deep cryptocurrency integration.
