- BitGo has applied for a U.S. initial public offering (IPO) and plans to list its shares on the New York Stock Exchange under the ticker “BTGO”.
- The company supports more than 1,400 digital assets and reported around $90.3 billion in assets on its platform as of June 30, 2025.
- BitGo’s CEO, Michael Belshe, will keep voting control through a dual-class share structure, allowing the company to qualify as a “controlled company” under exchange rules.
- The filing comes after BitGo secured an extended license in Germany, allowing its European arm to operate under the EU’s crypto regulations.
- Traditional financial institutions, including US Bancorp and Deutsche Bank, have also advanced their digital asset custody services amid changing U.S. regulations.
BitGo, a digital asset custody provider, has filed for a U.S. IPO and plans to list its Class A common stock on the New York Stock Exchange under the ticker symbol “BTGO”. The filing aims to take advantage of increased institutional demand for crypto infrastructure in the United States.
According to its recent SEC registration, BitGo manages about $90.3 billion in assets on its platform as of June 30, 2025. The company serves over 4,600 clients and more than 1.1 million users across 100 countries. Its offerings include support for over 1,400 digital assets, as well as $250 million in insurance coverage and independent audit completion.
In the IPO details, BitGo stated that co-founder and CEO Michael Belshe will control the company with Class B shares, each carrying 15 votes, compared to one vote for Class A shares. This dual-class structure allows BitGo to operate as a “controlled company” on the NYSE, granting it exemptions from specific governance rules.
The IPO follows BitGo‘s approval from Germany’s Federal Financial Supervisory Authority (BaFin), which extends its license to offer trading, custody, staking, and transfer services in Europe under the Markets-in-Crypto-Assets (MiCA) framework. Other crypto firms like Circle, Bullish, and Figure have recently made strong debuts in public markets.
Meanwhile, more traditional banks are expanding into crypto asset custody. In early September, US Bancorp relaunched its digital asset custody services after a regulatory shift reversed an SEC rule that required banks to hold extra capital for crypto activities. Deutsche Bank announced it would offer crypto storage for clients starting next year, and Citigroup is also considering providing its own crypto custody and payment services.
For further details, see the official SEC registration.
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