The BitGo IPO filing marks a significant shift in crypto infrastructure entering traditional markets. With over $100 billion in assets under custody and expanding operations worldwide, BitGo’s confidential U.S. filing signals a new level of maturity and public confidence in institutional cryptocurrency services.
BitGo was founded in 2013, in Palo Alto, and has always been the ideal custodian for all kinds of large affluents, mainly as seen in the new announcement that it had increased its assets under custody from $60 billion to $100 billion, by 66% in just six months at the beginning of 2025.
The company’s offerings now go beyond cold storage. BitGo offers trading, lending, staking, and off-exchange settlement services specifically designed for institutions. Its recent growth is linked to a surge in demand for regulated custody as crypto investment becomes more common in pensions, funds, and corporate treasuries.
BitGo submitted a draft registration statement to the SEC in July 2025, which is intended for private filing to prepare for a public offering. Industry analysts speculate that BitGo may go public via an IPO sometime in late 2025.
This is in line with the general trend that has seen companies like Grayscale, Gemini, and Bullish file for an IPO. It is also interestingly timed, as U.S. regulators have further clarified their regime regarding crypto custody, stablecoins, and investor protections.
Notable developments in the expansion scope by BitGo through international partnerships and licensing include:
According to Abel Seow, Managing Director of BitGo Asia-Pacific, the company’s asset growth reflects increasing adoption and trust:
“The surge in assets under custody is driven by growing adoption and improved regulatory clarity.”
At the time of the BitGo IPO filing in July 2025, the crypto market reflected renewed investor confidence:
Kat Liu, VP at IPOX, commented:
“Crypto companies are now building stable client bases, and some show margins similar to mature SaaS businesses.”
These insights underscore the growing confidence in crypto infrastructure and highlight the importance of BitGo’s decision to go public.
Based on the latest research, BitGo IPO reflects a growing shift in how regulated crypto services are entering public markets. With $100 billion in custody assets and a presence in key global regions, BitGo is poised to become one of the first primary crypto custodians to offer transparency and long-term trust through a U.S. listing. Its move could influence how institutions view digital asset security and drive more structured growth across the crypto sector.
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BitGo has confidentially filed for a U.S. IPO after its assets under custody surged past $100 billion. The move highlights growing institutional trust in regulated crypto services. BitGo’s expansion into Asia, Europe, and the Middle East, along with clearer global regulations, strengthens its position. As one of the first major custody firms to go public, the BitGo IPO could set future standards for transparency and investor confidence in the cryptocurrency industry.
A confidential filing by crypto custodian BitGo to go public in the U.S. during late 2025.
It reflects large-scale trust from institutions in BitGo’s security and operational model.
Grayscale, Gemini, and Bullish are among other firms preparing confidential IPO filings.
South Korea, Dubai, and Europe (under the MiCA regulatory framework).
Assets Under Custody (AUC): The total digital assets securely held by a custodian.
Confidential Filing: A private submission to the SEC before publicly disclosing IPO terms.
MiCA: Markets in Crypto-Assets — a European regulation for digital assets and firms.
