BitGo Eyes U.S. IPO, Bridging Crypto with Wall Street

BitGo's IPO Filing: A Leap into Mainstream Finance

BitGo Holdings, Inc. has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. This move signifies BitGo's ambition to solidify its presence within mainstream financial markets.

• Strategic IPO Filing: Marks a significant move towards integrating with traditional financial systems.
• Assets Surge: Assets under custody exceeding $100 billion boost investor confidence in BitGo’s stability and growth potential.
• Institutional Focus: The IPO aims to attract institutional investors, bridging the gap between the crypto world and traditional finance.

Assets Under Custody Soar

BitGo's IPO filing follows a period of substantial growth. Recent reports indicate that the company's assets under custody surpassed $100 billion in the first half of 2025, a significant increase from $60 billion at the start of the year. This surge reflects the rising demand for secure and reliable digital asset custody solutions.

Investors are increasingly seeking trusted third parties to safeguard their crypto holdings, and BitGo has established itself as a reputable player in this crucial segment of the crypto industry.

Expanding Global Reach

BitGo's expansion extends beyond the United States. The company recently secured approvals to operate within the European Union under the Markets in Crypto-Assets (MiCA) framework. This regulatory approval allows BitGo to broaden its service offerings in Europe, demonstrating a commitment to regulatory compliance and secure product delivery.

Crypto Firms Eye Public Markets

BitGo is not alone in pursuing public listing. Bullish, a digital asset exchange backed by Peter Thiel, recently filed its own IPO paperwork, aiming to list on the New York Stock Exchange under the ticker symbol BLSH. Similarly, Galaxy Digital, led by Mike Novogratz, delisted from the Toronto Stock Exchange to list on Nasdaq. Gemini, founded by Cameron and Tyler Winklevoss, also confidentially filed for a potential U.S. IPO in June.

These moves indicate a growing confidence among crypto firms that they can thrive on major exchanges as the market matures.

IPO Goals: Institutional Investment and Tech Advancement

BitGo’s decision to pursue an IPO aligns with its strategic goals. The company aims to attract more institutional investors by offering shares, which will provide additional capital for technological development and enhanced service offerings. A successful IPO could also further enhance trust and transparency in its operations.

As the crypto industry matures, companies like BitGo, that secure regulatory approvals in multiple regions, position themselves for global expansion and long-term success.

Codeum supports this innovative shift by offering top-tier smart contract audits and security consultation, ensuring that blockchain projects are secure and reliable. Codeum also provides services that include KYC verification, custom smart contract and DApp development, and partnerships with launchpads and crypto agencies.

BitGo's IPO could pave the way for greater integration between traditional finance and digital assets, potentially setting a precedent for other crypto firms to follow.