BitGo, one of the crypto industry’s largest digital asset custodians, has confidentially filed for an initial public offering (IPO) in the United States, marking another step in the sector’s integration with mainstream financial markets.
The company announced Monday that it had submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed IPO of its Class A common stock. Details regarding the number of shares and pricing range were not disclosed, and the filing has yet to appear on the SEC’s EDGAR database.
BitGo’s IPO filing comes on the back of significant growth. According to Bloomberg, the firm’s assets under custody surged to over $100 billion in the first half of 2025 — up from $60 billion at the start of the year — reflecting heightened institutional interest in digital asset services.
Regulatory Milestone in Europe Under MiCA
Alongside its U.S. ambitions, BitGo is strengthening its global footprint. The firm recently secured regulatory approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) framework, a move that extends its custody and digital asset services across EU member states. The approval marks a key regulatory milestone as Europe moves toward standardized crypto oversight.
BitGo’s expansion strategy also includes deeper integration with traditional financial systems in the United States. In May, the company was reportedly among a select group of crypto firms seeking a U.S. bank charter — a significant development that could position BitGo to offer a broader range of services amid evolving regulatory conditions.
BitGo Joins the Ranks of Publicly Traded Crypto Companies
If successful, BitGo will join a growing list of publicly traded blockchain companies. As of July 2025, CoinGecko data shows 46 notable blockchain-related firms listed on public exchanges, excluding penny stocks. Of these, 24 are on the Nasdaq, 18 trade over-the-counter, two are listed on the New York Stock Exchange, and one on the Toronto Stock Exchange.
The filing underscores the ongoing push by established crypto firms to gain credibility and investor confidence through public market access — a trend likely to continue as regulation and institutional adoption mature.
