BitGo, a global leader in crypto custody services, has officially filed for an initial public offering (IPO) in the United States. The company plans to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker BTGO, marking a major milestone for institutional crypto adoption.
Founded in Palo Alto, BitGo currently manages over $90.3 billion in digital assets across more than 100 countries. It supports 1,400+ cryptocurrencies and tokens, serving a broad client base that includes institutions, governments, and high-net-worth individuals.
BitGo Highlights Institutional-Grade Security and Global Compliance
Security and compliance are core to BitGo’s value proposition. The company is backed by $250 million in insurance and undergoes independent SOC 1 and SOC 2 audits, offering peace of mind to institutional investors.
On the international front, BitGo recently expanded its regulatory footprint in Europe. Its German subsidiary secured an upgraded license from BaFin, allowing BitGo Europe to offer crypto custody, trading, staking, and asset transfers under the EU’s MiCA (Markets in Crypto-Assets) regulation. This move aligns BitGo with Europe’s most advanced digital asset regulatory framework, further solidifying its position as a compliant and trusted custodian.
CEO to Maintain Control as BitGo Prepares for Public Market Debut
BitGo’s IPO filing includes a dual-class share structure that allows CEO and co-founder Michael Belshe to retain voting control of the company. This qualifies BitGo as a “controlled company” under NYSE listing standards, giving Belshe long-term influence over the firm’s strategic direction.
The decision to go public comes at a time of renewed momentum in crypto public markets. Competitors such as Circle, Bullish, and Figure are pursuing or have completed IPOs, reflecting growing investor interest in regulated digital asset infrastructure. Meanwhile, US Bancorp has reactivated its crypto custody services following a regulatory easing, further signaling confidence in institutional crypto growth.
