BitGo files for US IPO as crypto custody business surpasses $100B
The IPO comes as BitGo seeks to expand its presence overseas, with the company recently securing regulatory approval in the European Union under the Markets in Crypto-Assets (MiCA) framework
Digital asset custodian BitGo has filed paperwork to pursue an initial public offering (IPO) in the United States, highlighting the crypto industry’s continued push toward mainstream financial markets.
On Monday, BitGo announced it had 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, no determination was made on the number of shares or price range of the stock offering.
As of publication, the registration statement had not yet appeared on the SEC’s EDGAR database.
BitGo is one of the crypto industry’s largest custodians, with assets under custody surpassing $100 billion in the first half of 2025, up from $60 billion at the start of the year, according to Bloomberg.
The IPO comes as BitGo seeks to expand its presence overseas, with the company recently securing regulatory approval in the European Union under the Markets in Crypto-Assets (MiCA) framework. As reported by Cointelegraph, the approval extends BitGo’s digital asset services across the EU.
In addition to securing licensing in the European Union, BitGo is reportedly looking to expand its presence in traditional US markets. In May, the company was said to be among a small group of major crypto firms pursuing a US bank charter, pending key regulatory developments.
