BitGo Becomes First Crypto Custodian to File for US IPO

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reported $4.19 billion in revenue for H1 2025 and holds $90.3 billion in digital assets.BitGo also serves as custodian for the Trump-linked World Liberty stablecoin.The Palo Alto-based firm plans to trade under the ticker “BTGO” on the New York Stock Exchange, marking a major milestone in the convergence of traditional capital markets and digital asset infrastructure.Founded in 2013, BitGo is one of the most established custody platforms in the industry, currently safeguarding $90.3 billion in digital assets for a global roster of institutional clients.The company has also expanded into stablecoin services, including acting as custodian and infrastructure provider for the controversial World Liberty stablecoin linked to Donald Trump’s crypto initiative.The IPO filing reveals a surge in business performance. In the first half of 2025, BitGo posted $4.19 billion in revenue, nearly quadrupling year-over-year, with net income reaching $12.6 million.While that profit is down from $30.9 million a year earlier, the revenue growth reflects rising demand from financial institutions moving deeper into crypto markets.The company previously reported $3 billion in revenue and $157 million in profit for all of 2024.BitGo’s move comes as crypto listings gain momentum in US markets.“Investors are increasingly viewing digital assets as an asset class in their own right,” said Josef Schuster, CEO of IPOX.The current market window, shaped by softer regulatory barriers and growing institutional adoption, offers a rare opportunity for crypto infrastructure providers to step into the public arena.Goldman Sachs and Citigroup are leading the underwriting for BitGo’s offering.BitGo’s IPO filing comes amid renewed momentum for crypto-related public offerings.The digital asset space has seen several notable public listings in 2025. Stablecoin issuer Circle made a splash with its IPO in June, surging more than sevenfold since going public.Online trading platform Etoro, which offers crypto trading among its services, debuted in May.In addition, Galaxy Digital, led by Mike Novogratz, moved its listing from the Toronto Stock Exchange to Nasdaq earlier this year.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,664.36 +32.40 (+0.49%)Dow 3046,315.27 +172.85 (+0.37%)Nasdaq22,631.48 +160.75 (+0.72%)Russell 20002,448.77 -18.93 (-0.77%)VIX15.45 -0.25 (-1.59%)Gold3,705.80 +27.50 (+0.75%)PortfolioSign in to access your portfolioSign inTop gainersOKLO Oklo Inc. 135.23 +30.26 (+28.83%)BHF Brighthouse Financial, Inc. 57.59 +12.33 (+27.24%)QUBT Quantum Computing Inc. 23.27 +4.92 (+26.81%)MENS Jyong Biotech Ltd. 65.62 +13.87 (+26.80%)SMR NuScale Power Corporation 46.77 +8.65 (+22.69%)Top losersDXCM DexCom, Inc. 67.45 -8.33 (-10.99%)HESM Hess Midstream LP 35.36 -4.12 (-10.44%)CART Maplebear Inc. 41.50 -3.90 (-8.59%)ORLA Orla Mining Ltd. 10.22 -0.85 (-7.68%)RXO RXO, Inc. 16.14 -1.31 (-7.51%)Most activeOPEN Opendoor Technologies Inc. 9.57 -0.37 (-3.72%)INTC Intel Corporation 29.58 -0.99 (-3.24%)SNAP Snap Inc. 8.16 -0.28 (-3.32%)NVDA NVIDIA Corporation 176.67 +0.43 (+0.24%)BBAI BigBear.ai Holdings, Inc. 6.85 +0.57 (+9.08%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersDIS The Walt Disney Company 113.76 -1.10 (-0.96%)2222.SR Saudi Arabian Oil Company 25.00 +0.53 (+2.17%)BTC-USD Bitcoin USD 115,736.11 -128.12 (-0.11%)BNB-USD BNB USD 1,061.51 +61.13 (+6.11%)ETH-USD Ethereum USD 4,465.01 -2.38 (-0.05%)Top economic events