Core Viewpoint - BitGo has filed for an initial public offering (IPO), becoming the first dedicated crypto custodian to seek a listing on a US stock exchange, which signifies a significant step in the integration of traditional capital markets with digital asset infrastructure [1][3]. Company Overview - BitGo, based in Palo Alto, was founded in 2013 and is recognized as one of the most established custody platforms in the crypto industry, currently safeguarding $90.3 billion in digital assets for institutional clients globally [3][9]. - The company plans to trade under the ticker "BTGO" on the New York Stock Exchange [3][9]. Financial Performance - In the first half of 2025, BitGo reported $4.19 billion in revenue, nearly quadrupling year-over-year, with a net income of $12.6 million [4][5]. - Although the net income decreased from $30.9 million a year earlier, the substantial revenue growth indicates increasing demand from financial institutions entering the crypto markets [5]. - For the entirety of 2024, BitGo had reported $3 billion in revenue and $157 million in profit [5]. Market Context - The current market environment, characterized by softer regulatory barriers and heightened institutional adoption, presents a unique opportunity for crypto infrastructure providers to enter the public market [6]. - The momentum for crypto-related public offerings is increasing, with notable listings in 2025, including Circle and Etoro [7][8]. Strategic Partnerships - Goldman Sachs and Citigroup are leading the underwriting for BitGo's IPO [6].

Trump-backed World Liberty stablecoin added to Coinbase roadmap, possible listing coming https://t.co/auAk1tMYvC ...