In a pivotal move for institutional crypto infrastructure, BitGo has officially filed for an initial public offering (IPO) in the United States, just weeks after surpassing $100 billion in digital assets under custody. This marks a significant moment for the crypto ecosystem, as one of the space’s most trusted custodians looks to enter the public markets amid renewed investor confidence and industry growth.
The company announced via BusinessWire that it has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC). While the timing, number of shares, and valuation details remain undisclosed, this filing signals BitGo’s intent to scale its operations and deepen institutional trust in crypto finance.
BitGo Surpasses $100B Milestone
The IPO announcement comes on the heels of BitGo surpassing $100 billion in assets under custody, a milestone first reported by Bloomberg. The surge reflects the increasing demand for secure, regulated crypto custody solutions—particularly from hedge funds, family offices, and financial institutions seeking exposure to digital assets with minimal counterparty risk.
This $100B milestone places BitGo among the largest players in digital asset infrastructure, rivalling names like Coinbase Prime and Fireblocks in terms of custody volume. It also positions the company as a core pillar in the crypto market’s drive toward maturity and regulatory alignment.
What the IPO Means for the Crypto Sector
BitGo’s IPO filing arrives at a time when the regulatory landscape is finally evolving in the U.S., with several crypto-focused bills moving through Congress and renewed institutional appetite following the approval of spot Bitcoin and Ethereum ETFs.
Going public would not only increase BitGo’s transparency and market visibility, but also give investors a rare opportunity to gain equity exposure to a core crypto infrastructure provider. BitGo’s security-first model and role as a qualified custodian for regulated funds gives it a critical edge—especially as demand for compliant custody grows across jurisdictions.
BitGo’s Institutional Track Record
Founded in 2013, BitGo has steadily built a reputation as one of the most reliable custodians in the crypto industry, with services that span cold storage, multi-signature wallets, trading APIs, and compliance infrastructure. The firm is registered with FinCEN and operates as a qualified custodian through BitGo Trust Company.
Its client base includes crypto-native companies, fintech startups, and traditional institutions transitioning into digital assets. The company’s decision to file for an IPO suggests that it now sees a path toward broader market participation, following years of regulatory uncertainty.
The company’s filing with the SEC is available through the EDGAR database, confirming its intention to list once the registration becomes effective and market conditions are favorable.
Broader Implications and What to Watch
This IPO move could set a precedent for other crypto infrastructure firms. With BitGo leading the charge, investors may soon see a wave of crypto-native companies going public—especially those focusing on B2B services rather than retail speculation.
However, the success of BitGo’s listing will depend on market conditions, regulatory clarity, and how the firm positions itself in relation to other institutional players. The upcoming months will be key, especially as the SEC continues to weigh policies around custody, disclosures, and digital asset classifications.
Final Thoughts: BitGo’s Public Debut Could Signal a Maturing Crypto Market
As BitGo prepares to go public, the message is clear: institutional crypto is here to stay. The firm’s $100 billion custody milestone and IPO plans come at a time of surging crypto adoption, renewed interest from asset managers, and major policy shifts in Washington. If successful, BitGo’s listing could act as a catalyst—opening the door for a new wave of infrastructure-driven growth in digital assets.
