Catenaa, Tuesday, September 23, 2025- BitGo, a leading crypto custody platform, has filed for an initial public offering in the US, becoming the first dedicated crypto custodian to pursue a stock exchange listing.
The company plans to trade under the ticker BTGO on the New York Stock Exchange, marking a milestone for digital asset infrastructure entering traditional capital markets.
Founded in 2013 and based in Palo Alto, BitGo currently safeguards $90.3 billion in digital assets for institutional clients worldwide.
In the first half of 2025, the company reported $4.19 billion in revenue and $12.6 million in net income, reflecting strong demand for custody, liquidity, and infrastructure services across digital markets.
BitGo also acts as custodian for the World Liberty stablecoin linked to former President Donald Trump’s crypto initiative.
The IPO is being underwritten by Goldman Sachs and Citigroup, as BitGo seeks to capitalize on a favorable market environment for crypto-related public offerings.
Analysts note that institutional adoption and softer regulatory barriers are increasing investor interest in digital assets as a standalone asset class.
BitGo joins a growing list of crypto firms going public in 2025. Circle, the stablecoin issuer, surged sevenfold after its June IPO, while Etoro debuted in May.
Galaxy Digital shifted its listing from Toronto to Nasdaq, and Gemini filed confidentially for a US IPO in June.
Figure Technology Solutions, a blockchain lending platform, raised $787.5 million in its IPO, highlighting strong investor demand for blockchain infrastructure companies.
BitGo’s public offering signals the maturing of the crypto custody sector, bridging traditional finance with the expanding digital asset ecosystem and positioning the firm as a leading institutional player in the space.
