BitGo Stealthily Drops SEC Filing for Blockbuster IPO—Crypto Custodian Goes Mainstream
Crypto's institutional gatekeeper just kicked open Wall Street's backdoor. BitGo—the $1.5B digital asset custodian trusted by whales—filed confidential IPO paperwork with the SEC today. No price targets disclosed (because why spoil the surprise before bagholders line up?).
Behind the velvet rope:
The Goldman Sachs-backed firm processed over $60B in daily crypto transactions last year. Now it's betting Wall Street will pay a premium for its "too big to hack" reputation—even as regulators play whack-a-mole with the industry.
Timing is everything: This drops just as BlackRock's Bitcoin ETF crosses $25B in AUM. TradFi's FOMO meets crypto's institutionalization playbook—with BitGo collecting the vig.
One cynical take: Nothing secures bagholder demand like a "confidential" filing during a bull market. The SEC's rubber stamp remains crypto's ultimate status symbol.
U.S. Dollar Comes Onchain as GENIUS Act Ushers in Digital Era
BitGo is a leading crypto custody and infrastructure provider, servicing institutional clients with secure wallet and settlement solutions. A public listing would position the firm among a growing group of crypto-native companies entering public markets.
