• BitGo has filed for a confidential IPO as crypto firms move fast to enter public markets this year.

  • BitGo holds over 100 billion dollars in assets under custody showing strong institutional demand for crypto services.

  • Global licenses in Europe and Asia allow BitGo to expand services and reach more traditional and crypto clients.

BitGo has submitted a confidential draft registration with the U.S. Securities and Exchange Commission. The filing prepares the company for an initial public offering. BitGo has not disclosed the share volume or price range. The timing of the listing will depend on market conditions and SEC approval.

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The company’s move signals a growing wave of institutional interest in public listings. BitGo joins other digital asset firms such as Grayscale and Bullish in filing IPO documents. These developments suggest that large firms are positioning for stronger exposure in traditional finance.

Rapid Growth in Custody Assets

BitGo, founded in 2013, started by offering multi-signature wallets. Over the years, it expanded into a full-scale crypto custody platform. It now offers services across trading, lending, staking, and secured custody.

The platform supports over 1,200 digital tokens for a global institutional client base. Assets in custody have recently increased to above $100 billion. This represents a significant increase compared to $60 billion earlier in the year. The expansion suggests higher institutional demand and recovery of the crypto market.

Global Expansion Underway

BitGo is rapidly expanding into global markets. In Europe, it received regulatory approval under the MiCA framework. Germany’s BaFin granted it a license, enabling operations across the European Union.

The European expansion allows BitGo to serve both traditional financial clients and crypto-native institutions. The firm also entered the Asian market through Singapore. The Monetary Authority of Singapore issued a Major Payment Institution License in August. This license allows BitGo to offer services from its Singapore office.

These approvals strengthen the company’s global presence and offer new growth opportunities. BitGo’s strategic expansion aligns with rising demand for regulated crypto services worldwide.

Favorable Market and Political Winds

BitGo secured $100 million in funding from investors including Goldman Sachs and Valor Equity. This round gave the firm a $1.75 billion valuation. Strong backing places the firm in a favorable position ahead of its public debut.

Market analysts view BitGo’s IPO as part of a larger trend. A number of crypto firms are preparing listings due to improved sentiment. A more positive regulatory approach under the Trump administration has played a role.

The listing of Circle on the NYSE also drew strong investor attention. BitGo’s entry could bring further validation to digital asset infrastructure. The crypto custody sector continues to benefit from policy clarity and investor confidence.