BitGo, a leading crypto custody firm in the United States, has recently filed for a public listing in a confidential manner, as announced on Monday. This strategic move places BitGo among a growing number of digital asset companies seeking to capitalize on increasing investor interest and favorable regulatory developments.
Established in 2013 and headquartered in Palo Alto, BitGo specializes in securing and managing digital assets for institutional clients. The company has witnessed a significant surge in demand for crypto custody services, with its assets under custody reaching $100 billion, up from $60 billion in the first half of 2025. Notable investors in BitGo include Goldman Sachs, DRW Holdings, Redpoint Ventures, and Valor Equity Partners.
Amidst a booming market for digital assets, BitGo’s decision to go public aligns with a broader trend in the industry. While specific details about the IPO are not yet disclosed, the number of shares and price range are still to be determined. The surge in the crypto market’s total value, surpassing $4 trillion for the first time, has been largely driven by the remarkable rally of Bitcoin, which recently surpassed $120,000.
Furthermore, the political landscape has shown increasing support for the crypto industry. President Donald Trump signed the first federal legislation regulating stablecoins, emphasizing the importance of American dominance in global finance and crypto technology.
In anticipation of its IPO, BitGo has expanded its trading services to cater to institutional demand. The company launched an over-the-counter trading desk for digital assets earlier this year, offering spot and options trading, as well as lending for margin trades. Additionally, BitGo has obtained regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework, enabling it to extend its services across the EU.
Looking beyond crypto custody, BitGo is exploring opportunities in traditional finance by seeking a US bank charter. This strategic move, pending regulatory approval, would allow BitGo to broaden its financial offerings within the existing banking system. Since raising $100 million at a valuation of $1.75 billion in 2023, BitGo has solidified its position as a key infrastructure provider in the crypto ecosystem.
With favorable market conditions and increasing political support, BitGo’s upcoming IPO could mark a significant milestone for the company and the broader effort to integrate digital asset firms into the financial mainstream. Stay tuned for more updates on BitGo’s public debut as momentum for pro-crypto initiatives continues to build under the current administration.