BitGo Files for US IPO as Crypto Custody Surpasses $100 Billion
- BitGo has filed confidentially for a US IPO amid assets under custody surpassing $100 billion in 2025.
- The company also secured regulatory approval under the EU's MiCA framework to expand digital asset services across Europe.
Digital asset custodian BitGo has confidentially filed for an initial public offering (IPO) in the United States, signalling its intent to join the growing ranks of publicly traded crypto firms.
The company submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for a proposed IPO of its Class A common stock.
Details on the number of shares or the stock price range were not disclosed at the time of filing. As of publication, the statement had not appeared on the SEC’s EDGAR database.
Rapid Growth in Assets Under Custody
BitGo is one of the largest crypto custodians in the industry, reporting over $100 billion in assets under custody in the first half of 2025, up from $60 billion at the beginning of the year, according to Bloomberg.
This milestone underlines BitGo’s continued relevance as institutional interest in digital assets grows.
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Alongside its IPO plans, BitGo is actively expanding its global footprint. The company recently secured regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework, allowing it to offer digital asset services across EU member states.
In the U.S., BitGo is also pursuing a traditional banking charter, pending regulatory developments.
BitGo aims to join a broader movement of crypto firms entering public markets. Currently, 46 blockchain-related companies are publicly traded, with 24 listed on the Nasdaq, 18 over-the-counter, two on the New York Stock Exchange, and one on the Toronto Stock Exchange, according to CoinGecko.
Other firms are following suit. Last week, crypto exchange Bullish filed for an IPO, while asset manager Grayscale submitted its own registration earlier this month.
Edited by Annette George
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