BitGo Makes Bold Move: Crypto Custody Giant Files Confidentially for US IPO

Wall Street's about to get a taste of crypto's institutional gold rush.

BitGo—the heavyweight in digital asset custody—just dropped the mic with a confidential IPO filing. No price targets, no grandstanding—just a quiet power play that screams confidence in crypto's infrastructure boom.

Why this matters:

- First major crypto custody firm to test public markets

- Signals institutional adoption reaching escape velocity

- Paves way for more 'boring' blockchain businesses to cash in

The filing comes as TradFi dinosaurs still argue about 'blockchain not Bitcoin.' Meanwhile, the smart money's already building the vaults.

One cynical take? After years of crypto firms begging Wall Street for approval, BitGo's letting bankers beg for a piece of the action instead. How the turntables.