BitGo Charges Toward IPO—Riding the Wave of Circle’s Blockbuster Market Debut
Crypto's institutional guardians are going public—and Wall Street's scrambling to keep up.
Hot on the heels of Circle's landmark IPO, digital asset custodian BitGo just filed its own S-1. The move signals institutional crypto's irreversible march into mainstream finance—whether traditional banks like it or not.
Why this matters now:
- Custody services are the unsexy backbone of crypto's institutional adoption
- BitGo's timing capitalizes on post-Circle investor FOMO
- The filing suggests regulators are (slowly) making peace with crypto infrastructure plays
One cynical take? After years of dismissing crypto as 'not a real asset class,' bulge bracket firms will now fall over themselves to underwrite these deals—just follow the 7% underwriting fees.
The bottom line: When the guys who safeguard your keys want public-market cash, it means one thing—this train's leaving the station with or without you.
