BitGo Files for US IPO Amid 67% Asset Growth

BitGo, a prominent digital asset custodian, has taken a significant step towards mainstream financial markets by filing for an initial public offering (IPO) in the United States. The company confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (SEC) for a proposed IPO of its Class A common stock. At the time of filing, the specifics regarding the number of shares and the price range of the stock offering were not disclosed.

The registration statement had not yet appeared on the SEC’s EDGAR database as of the latest update. BitGo's move to go public underscores the growing interest and investment in the crypto industry, particularly in the custody sector. The company has seen a substantial increase in assets under custody, surpassing $100 billion in the first half of 2025, up from $60 billion at the start of the year.

This surge in assets under custody reflects the increasing demand for secure and reliable digital asset storage solutions. BitGo's expansion into the European Union, where it has recently secured regulatory approval under the Markets in Crypto-Assets (MiCA) framework, further solidifies its position as a leading player in the global crypto custody market. This approval allows BitGo to extend its digital asset services across the EU, enhancing its international presence and capabilities.

The IPO filing by BitGo is a strategic move that aligns with the company's goal of expanding its operations and attracting more institutional investors. As the crypto industry continues to evolve, BitGo's decision to go public is a testament to its confidence in the long-term viability and growth potential of digital assets. The company's ability to navigate regulatory frameworks and secure approvals in key markets positions it well for future success.