- BitGo confidential IPO filing signals big move into mainstream financial markets.
- Assets under custody soared past $100B, boosting investor confidence in BitGo.
- IPO aims to attract institutions, bridge crypto world with traditional finance.
BitGo Holdings, Inc. has taken a big step toward becoming part of the mainstream financial world. This week, the company has also noted that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission. The announcement concerns BitGo’s initial public offering of its Class A common stock.
BitGo IPO Filing Follows Surge Past $100B in Assets Held
As of now, the quantity of shares and the price range of the offer are not determined. The IPO will not go on until the SEC completes the review process. The final terms will be also determined by market conditions and others.
The filing is an action taken as BitGo business keeps expanding. BitGo is famous as a solution offering secure custody and storage of digital assets. As per the recent reports, the assets under custody of the company have been increased to more than 100 billion in the first half of 2025. This is a huge increase relative to the yearly start of $60 billion.
This growth demonstrates the increased demand for trusted digital asset custody. Lots of investors would like to possess crypto, though they prefer to keep it safe with trusted third parties. That is where BitGo comes in, and it has established a name in this segment of the crypto industry.
The scope of BitGo does not end at the United States. In the first half of this year, the company got approvals to operate in the European Union. The new Markets in Crypto-Assets (MiCA) framework of the EU has stringent regulations on the crypto firms. The approval of BitGo in this framework implies that it can increase its services in Europe. This step demonstrates that the company is sincere in its intentions of adhering to the regulations and selling safe products to the world.
BitGo is not alone in this push to go public. Just one day before BitGo’s announcement, another crypto company did the same. Bullish, a digital asset exchange funded by billionaire Peter Thiel, has filed its own IPO paperwork. Bullish is to list on the New York Stock Exchange with the ticker symbol BLSH.
BitGo IPO Targets More Institutional Investors, Eyes Tech Expansion
Major players in crypto are also moving towards listing publicly. In May, Galaxy Digital, which is led by Mike Novogratz, delisted itself on the Toronto Stock Exchange and listed on Nasdaq. Another exchange, Gemini, started by Cameron and Tyler Winklevoss, also filed confidentially in June to pursue a possible U.S. IPO. These actions indicate that crypto firms are confident that they can grow on large exchanges since the market is mature enough to accommodate them.
The decision to become a publicly traded company is part of BitGo strategy. The company wants to increase the number of institutional investors through offering shares. BitGo may gain more investors to develop its technology and create better services.
According to industry observers, the IPO filing by BitGo is an indication that the industry has confidence in the future of digital assets. The companies with regulatory approval in multiple regions are in a better position to expand globally. The activities of BitGo in the EU and the United States have placed it in a good position as crypto regulations are becoming more evident.
As soon as the IPO is accepted, BitGo can serve as an example of the phenomenon of the entry of crypto corporations into the traditional market, but also the establishment of trust. The boundary between traditional finance and the new digital assets will probably continue to be erased as more companies follow this path.
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