BitGo, a leading crypto custody provider, has confidentially filed for a public listing as assets under custody cross $100 billion. The transfer is due to the increased investor interest, an attractive political environment, and booming demand on digital asset services. BitGo aims to capitalize on current market momentum and expand its footprint in both traditional finance and global crypto markets.
- BitGo IPO Filing Comes Amid Crypto Market Revival
- BitGo Eyes U.S. Bank Charter Approval
- BitGo IPO Follows Trend of Rising Crypto Listings
- FAQs
- 1. What is BitGo’s main business?
- 2. When did BitGo file for its IPO?
- 3. What are BitGo’s total assets under custody?
- 4. Why is BitGo seeking a U.S. bank charter?
- 5. Which other companies are planning crypto IPOs?
- Glossary of Key Terms
BitGo IPO Filing Comes Amid Crypto Market Revival
BitGo has taken the next step toward becoming a publicly traded company by submitting a confidential IPO filing. On Monday, the company confirmed the move without disclosing any information on the number of shares or prices. The BitGo IPO follows a series of similar filings by other major crypto firms.
Founded in 2013 and headquartered in Palo Alto, BitGo focuses on institutional-grade digital asset custody. It offers loaning, trading, and wallet servicing to asset managers, exchanges, and hedge funds. As market confidence rebounds, the BitGo IPO represents a shift toward mainstream adoption.
The company revealed that the value of its assets in custody had increased to a hundred billion dollars, compared to sixty billion dollars in January of this year. This steep increase is a wider rally in the crypto market as Bitcoin has surged above 120K. It also reflects the augmented interest of institutional investors seeking safe cryptographic asset options.
BitGo Eyes U.S. Bank Charter Approval
BitGo has been preparing for this public debut by strengthening its market position across several fronts. In 2025, it developed an over-the-counter (OTC) trading desk earlier in 2025 to cater to the needs of its rapidly growing institutional clients. The new service encompasses spot trading, options trading, and margin trading with lending service.
The company also received regulatory authorization based on EU Markets in Crypto-Assets (MiCA). This allows BitGo to offer its full suite of services across European markets without regulatory friction. The approval enhances BitGo’s credibility and opens new revenue streams outside the U.S.
Additionally, BitGo is exploring deeper integration with traditional finance through a potential U.S. bank charter. If it were granted, this charter would also allow the company to offer more regulated and broader financial products. BitGo’s leadership sees this as a key part of its strategy ahead of the BitGo IPO.
BitGo IPO Follows Trend of Rising Crypto Listings
BitGo joins several digital asset firms pursuing public listings amid improving political and market conditions. Companies like Bullish, Grayscale, Gemini, and Circle are also moving toward IPOs. Industry momentum is building, backed by increased clarity around regulation and policy.
A landmark event came last week when President Donald Trump signed the first federal stablecoin legislation. The law aims to regulate and integrate stablecoins within the U.S. financial system. Trump called it a “giant step to cement American dominance of global finance and crypto technology.”
Market analyst James Seyffart commented, “BitGo’s filing shows confidence in both regulatory trends and institutional demand.” As political backing increases, the BitGo IPO could signal growing acceptance of crypto infrastructure firms in capital markets. It also highlights the rising value of custody services in a maturing industry.
Summary
BitGo confidentially filed for an IPO as assets under custody surged to $100 billion. The company has expanded services, secured EU approval, and entered OTC trading. It now seeks a bank charter while leveraging market growth and political support. BitGo joins other crypto firms going public, reflecting the industry’s shift into the financial mainstream.
FAQs
1. What is BitGo’s main business?
BitGo offers digital asset custody, trading, and lending services to institutional clients.
2. When did BitGo file for its IPO?
BitGo confidentially filed for its IPO in July 2025, though details on pricing are not yet available.
3. What are BitGo’s total assets under custody?
As of mid-2025, BitGo reported over $100 billion in assets under custody.
4. Why is BitGo seeking a U.S. bank charter?
A bank charter would allow BitGo to broaden its regulated financial services within the U.S. banking system.
5. Which other companies are planning crypto IPOs?
Other crypto firms planning IPOs include Bullish, Grayscale, Gemini, and Circle.
Glossary of Key Terms
BitGo IPO – The confidential public offering filing submitted by BitGo to enter the stock market.
Custody Services – Financial services that securely store digital assets on behalf of institutions.
OTC Trading – Over-the-counter trading allows parties to trade directly without using a centralized exchange.
MiCA – The EU’s Markets in Crypto-Assets regulation, which governs digital asset providers.
Bank Charter – A legal license allowing a firm to operate as a regulated bank in the U.S.
Stablecoin Legislation – The new U.S. federal law signed in 2025 to regulate stablecoins in financial systems.
Public Listing – The process of offering company shares to the public via a stock exchange.
Digital Assets – Cryptographic tokens such as Bitcoin or Ethereum used for financial transactions or investments.
Institutional Clients – Large financial entities like hedge funds, banks, or asset managers.
Asset Under Custody (AUC) – The total value of assets that a custody firm manages and secures.
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