BitGo Files for IPO Managing 100 Billion in Crypto Assets

BitGo, a prominent US-based crypto custody firm, has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). This move comes as the company manages $100 billion in crypto assets under custody, reflecting a significant increase in institutional confidence in the cryptocurrency market. The filing, submitted as an S-1, marks a pivotal moment for BitGo, which has been managing digital assets since 2013 and has seen its assets under custody grow from $60 billion in the first half of 2025 to the current $100 billion.

BitGo's decision to go public aligns with a broader trend in the crypto industry, where several digital asset firms are seeking to tap into rising investor appetite and favorable political tailwinds. The recent surge in the crypto market, fueled by a record-breaking rally in Bitcoin, has created a conducive environment for such listings. Additionally, political support for crypto has been growing, with the US President signing the first federal legislation to regulate stablecoins, signaling a more crypto-friendly regulatory landscape.

BitGo's expansion into traditional finance is another notable aspect of its growth strategy. The company has been exploring the possibility of obtaining a US bank charter, which would allow it to broaden its financial offerings within the existing banking system. This move, pending regulatory clarity, would enable BitGo to integrate more deeply with traditional financial services, further bridging the gap between crypto and mainstream finance.

The company has also been expanding its services internationally. It recently secured regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework, allowing it to extend its services across the bloc. This approval is a key step in BitGo's plan to grow beyond the US market and tap into the global demand for crypto custody services.

BitGo's IPO could mark a pivotal moment for the company and the broader push to bring digital asset firms into the financial mainstream. With market conditions turning more favorable and political support growing, BitGo's public listing could set a precedent for other crypto firms looking to go public. The company's focus on institutional clients and its expanding service offerings position it well to capitalize on the growing demand for crypto custody and related services.

BitGo's IPO filing is a significant milestone in the crypto industry, reflecting the growing institutional confidence in cryptocurrency. The company's multisignature wallet technology, which protects crypto assets through the necessity of multiple signatures, has made it a resilient platform for storing cryptos. This technology, along with its pioneering activities, has contributed to the development of a robust platform for crypto storage.

The timing of BitGo's IPO filing is particularly noteworthy. In July 14, 2025, Bitcoin skyrocketed to more than $120,000, highlighting the increasing power of the crypto market. This surge in value reflects the growing institutional demand for cryptocurrency and the increasing regulatory clarity in the market. The IPO of BitGo may become an example to be used by other crypto businesses, establishing a significant milestone in the industry. Its successful IPO could have an effect on how other crypto IPOs are viewed and on regulation talks in the future.