21-7-2025 – Digital asset custodian BitGo has submitted a confidential draft registration statement to the Securities and Exchange Commission for a proposed initial public offering, joining a wave of crypto firms seeking public market listings amid sector growth, the company announced Monday.
The Palo Alto-based firm filed Form S-1 paperwork without disclosing share count or pricing details for the Class A common stock offering. BitGo’s move follows similar IPO filings from Grayscale and Bullish within recent days, signaling renewed confidence in crypto market conditions and regulatory clarity under current federal policies. The company manages over $100 billion in digital assets as of mid-2025, representing a significant jump from $60 billion at the start of the year, according to Bloomberg.
Founded in 2013, BitGo has established itself as a leading institutional custody provider serving exchanges, hedge funds, and asset managers across its platform. The firm recently expanded its regulatory footprint by securing approval under the European Union’s Markets in Crypto-Assets framework, extending its services across EU markets. BitGo has also diversified beyond basic custody services, adding regulated staking and tokenized asset management to meet growing institutional demand for compliant crypto infrastructure.
The IPO filing comes as the broader cryptocurrency market reaches a $4 trillion total capitalization, fueling institutional investment interest and infrastructure demand. BitGo’s public offering timeline will depend on SEC review completion and market conditions, with the registration statement not yet appearing on the regulator’s EDGAR database.
