BitGo, a major crypto custody company, has announced that it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) to go public.
On Monday, BitGo said it confidentially filed a draft Form S-1 with the SEC for a planned IPO of its Class A common stock. Details like the number of shares and pricing are yet to be determined.
BitGo is a top company in the cryptocurrency sector that securely holds digital assets for institutions. It currently has over $100 billion in crypto assets stored, as of mid-2025. That’s a significant increase from $60 billion early in the year.
BitGo is also growing globally. It has just been granted regulatory approval in the European Union under the MiCA regulations. This grants BitGo a legal right to provide its crypto services throughout Europe. In the United States, it is also in the process of considering becoming a licensed crypto bank.
More crypto companies are heading to the stock market. BitGo joins others like Bullish (a crypto exchange) and Grayscale (a crypto asset manager), which are also working toward U.S. stock market listings. Currently, there are 46 major publicly traded blockchain companies, with most listed on Nasdaq.
BitGo’s IPO will move forward once the SEC reviews its application. The IPO will depend on regulatory approval and market conditions. No date has been set yet for when the public offering will happen.