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Crypto Currents: BitGo raises $212.8M in U.S. IPO
Yahoo Finance· 2026-01-24 15:01
Group 1: BitGo's IPO - BitGo raised $212.8 million in its initial public offering (IPO) on the New York Stock Exchange, pricing shares at $18, exceeding the expected range of $15-$17 [2] - The stock opened at $22.43, bringing BitGo's valuation to $2.59 billion, marking the first stock market debut by a digital asset company in 2026 [2] Group 2: NYSE's Tokenized Securities Platform - The New York Stock Exchange (NYSE) is developing a platform for trading and on-chain settlement of tokenized securities, pending regulatory approvals [3] - The new digital platform will enable 24/7 operations, instant settlement, and stablecoin-based funding, integrating the NYSE's Pillar matching engine with blockchain technology [3] - The platform will support trading of tokenized shares that are fungible with traditional securities and will allow tokenized shareholders to participate in dividends and governance rights [3] Group 3: Industry Leadership and Vision - Lynn Martin, President of NYSE Group, emphasized the NYSE's commitment to leading the industry towards fully on-chain solutions, combining trust with advanced technology [4] - The NYSE aims to reinvent market infrastructure to meet the demands of a digital future, leveraging its long-standing expertise in market operations [4]