BitGo, known in the crypto custody space, officially confirmed the filing of a confidential IPO in the U.S. This event underscores the growing interest in regulated custodians amid increasing institutional investments.
BitGo's Confidential IPO Filing
BitGo filed for an IPO in the U.S. on July 21, 2025. This step highlights the growing interest in regulated custodians due to increasing institutional investments. Mike Belshe, the CEO and co-founder of BitGo, stated, "BitGo Holdings announced on Monday the confidential submission of a draft registration statement related to a proposed IPO of its class A shares."
Control of $64 Billion in Assets
Founded in 2013, BitGo currently controls over $64 billion in crypto assets. The surge in institutional inflows has driven demand for regulated solutions like BitGo's. The IPO follows a $100 million funding round, highlighting institutional confidence in the company.
Volatility Risks in the Crypto Market
Previous IPOs, such as Coinbase, have enhanced trust in the sector while increasing volatility. This filing could have similar effects. Favorable regulatory changes have played a pivotal role, providing a conducive environment for custodians. The IPO marks ongoing trends in institutional investment.
BitGo's IPO filing represents a significant move towards expanding institutional participation in the crypto market, while the growing asset volume under management and early investment rounds highlight the rising interest from institutional investors.