BitGo Eyes IPO in Late 2025 After Surpassing $100B in Custodied Assets
Crypto custody provider BitGo is exploring the possibility of going public as soon as the second half of 2025, following a major milestone in its growth. In the first half of 2025, BitGo’s assets under custody surged from $60 billion to $100 billion, signaling increasing institutional confidence in the firm.
Speaking to Bloomberg on June 25, BitGo’s Asia-Pacific managing director Abel Seow credited the 67% asset growth to expanding global crypto adoption and clearer regulatory frameworks.
Currently, around 50% of BitGo’s custodied assets are allocated to staking — a process that allows users to earn rewards by supporting blockchain network operations. Founded in 2013, BitGo now offers institutional clients a range of services including custody, trading, lending, and borrowing.
The company last raised $100 million in a 2023 Series C round, reaching a $1.75 billion valuation. Backers included Valor Equity Partners, DRW Holdings, Redpoint Ventures, and Goldman Sachs.