The company’s Form S-1 submission does not include share counts or pricing details, and the offering remains contingent on regulatory review and broader market conditions.
If approved, BitGo could become one of the latest crypto-native firms to debut on Wall Street, following rising demand for regulated access to blockchain infrastructure.
BitGo specializes in secure custody solutions for institutions and trading platforms, providing digital asset storage and compliance tools for a growing number of financial entities. With the global crypto market capitalization surpassing $4 trillion, the company is positioning itself to expand its reach across both U.S. and international markets.
As part of its international growth plan, BitGo recently obtained regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework.
The authorization allows the company to offer custody services throughout all EU member states, creating a streamlined regulatory pathway for operations across the bloc.
This milestone places BitGo among the first major U.S.-based digital asset firms to gain pan-European compliance under MiCA. The company aims to use this foundation to deepen relationships with European financial institutions seeking regulated crypto exposure.
Meanwhile, in the U.S., BitGo is pursuing a national bank charter, which would allow it to further integrate with traditional banking infrastructure and offer services under a more comprehensive regulatory structure.
BitGo previously raised $100 million in 2023 at a valuation of $1.75 billion, reflecting strong backing from strategic investors focused on crypto infrastructure.
If completed, BitGo’s IPO would add to the growing list of digital asset companies trading on U.S. exchanges and signal increasing maturity in the sector.
