BitGo's Managed Assets Surge 67% to $1 Trillion in 2025

BitGo Inc., a prominent digital asset custodian, has achieved a significant milestone by surpassing $1 trillion in managed assets in the first half of 2025. This remarkable growth represents a $400 billion increase from the previous $600 billion, highlighting the company's expanding influence in the cryptocurrency market. Abel Seow, the Asia-Pacific Managing Director of BitGo, attributed this surge to the increasing clarity in global regulatory frameworks, which has driven the widespread adoption of cryptocurrencies. Notably, half of the managed assets are involved in staking services, where investors lock up their cryptocurrency holdings to participate in blockchain transaction validation and earn additional token rewards.

Founded in 2013, BitGo has established itself as one of the largest custodians of digital assets in the United States. Beyond its core custodial services, the platform offers digital asset trading and lending solutions. In 2023, BitGo completed a $1 billion funding round, valuing the company at $17.5 billion. This funding round saw participation from prominent institutions such as Goldman Sachs, DRW Holdings, Redpoint Ventures, and Valor Equity Partners. The company's strategic investments and partnerships have further solidified its position in the market, positioning it for future growth and innovation.

BitGo's expansion has been marked by strategic global initiatives. In 2024, the company secured strategic investments from South Korea's Hana Financial Group and SK Telecom, and successfully entered the Dubai market in early 2025. Seow noted that the joint venture in South Korea is progressing smoothly, reflecting BitGo's commitment to international growth and market penetration. This global expansion aligns with the company's vision to provide secure and reliable custodial services to a diverse range of clients worldwide.

Looking ahead, BitGo is considering an initial public offering (IPO) as early as the second half of 2025. If successful, this move would make BitGo one of the few digital asset companies to enter the public markets, following the renewed embrace of the cryptocurrency industry by the U.S. administration. The company's strategic initiatives and robust growth trajectory position it as a key player in the evolving digital asset landscape, poised to shape the future of cryptocurrency management and investment.