BitGo, one of the leading digital asset custodians in the crypto industry, has taken a key step toward becoming a publicly traded company. The firm revealed on Monday that it has confidentially submitted a draft registration statement (Form S-1) with the U.S. Securities and Exchange Commission (SEC), signalling its intention to launch an initial public offering (IPO) of its Class A common stock.
While specific details such as pricing and the number of shares have yet to be finalised, BitGo’s move reflects growing momentum among crypto-native companies aiming to list on U.S. stock exchanges.
The announcement comes as BitGo reports a substantial increase in assets under custody, which now exceed $100 billion, up from $60 billion earlier this year. The firm is widely recognised for offering secure digital asset storage solutions to institutional investors.
BitGo has also recently secured regulatory clearance in the European Union under the Markets in Crypto-Assets (MiCA) framework. This approval enables the company to expand its operations across Europe, adding to its growing international footprint. Meanwhile, it is also evaluating the possibility of becoming a federally licensed crypto bank in the United States.
This confidential filing puts BitGo in line with a growing list of crypto companies heading toward public listings, including Bullish and Grayscale. Currently, there are 46 publicly traded blockchain-related firms, most of which are listed on the Nasdaq.
The timeline for BitGo’s IPO will be determined by SEC review and prevailing market conditions. As of now, no specific date for the offering has been announced.
