BitGo Files for US IPO, First Crypto Custodian to Seek Public Listing

BitGo has officially filed for an initial public offering, marking a historic moment as the first dedicated crypto custodian to pursue a listing on a U.S. stock exchange. The Palo Alto-based firm plans to trade under the ticker "BTGO" on the New York Stock Exchange, signaling a significant convergence of traditional finance and digital asset infrastructure.

Founded in 2013, BitGo safeguards $90.3 billion in digital assets for institutional clients globally. The company reported $4.19 billion in revenue for the first half of 2025, nearly quadrupling year-over-year, though net income dipped to $12.6 million from $30.9 million a year earlier.

BitGo's expansion into stablecoin services includes its role as custodian for the Trump-linked World Liberty stablecoin, adding a controversial dimension to its growth narrative. The IPO filing underscores rising institutional demand for regulated crypto custody solutions amid broader market maturation.