BitGo Joins IPO Race With a Confidential Filing with the SEC

BitGo, a top crypto custody provider, is making a major step towards a public listing in the United States. According to various sources, the company has filed confidential paperwork for the initial public offering (IPO). This move marks a landmark step by the firm which is following in the footsteps of Circle and Grayscale

Established in 2013, BitGo is now ranked as one of the leading institutional digital asset custodians with more than $64 billion in assets under its custodial care. BitGo’s IPO plans also emerge at a time when investors are showing increased interest in digital assets

BitGo Makes Confidential IPO Filing

According to a post on X by Bitcoin.com News, crypto custody provider BitGo has decided to go public. The firm made a confidential submission of its draft paperwork to the U.S Securities and Exchanges Commission in preparation for a potential initial public offering

NEW: 🗞️Crypto custody firm BitGo, known for securing #Bitcoin and other digital assets, has confidentially filed for a U.S. IPO, pending SEC review. pic.twitter.com/0rcFOgvj3p

— Bitcoin.com News (@BTCTN) July 21, 2025

BitGo’s confidential filing reflects the recent trend amongst crypto companies going public through IPOs. Circle, the issuer of the USDC stablecoin, kickstarted the trend after going public under the ticker CRCL. Additionally, Grayscale followed through with a confidential IPO filing with the SEC just a week ago, as reported by Blockchain News

The IPO trend shows increasing institutional trust in the crypto sector and the possibility of long-term growth. By choosing to file for the IPO in confidentiality, BitGo aims to test out the move to go public in secrecy, free of scrutiny until they make a final decision about pricing and valuation. In fact, according to the official press release, the firm has not reported the possible valuation and listing duration

“The number of shares to be offered and the price range for the proposed offering have not yet been determined,” the press release noted

Furthermore, BitGo’s IPO submission is subject to SEC approval. If approved, the IPO will make BitGo one of the few crypto-native custodians to be listed on a US exchange

Market Optimism Fuels IPO Plans

BitGo’s confidential IPO filing comes at a time when the cryptocurrency market is experiencing renewed optimism. This optimism is majorly due to an upward shift in the prices of cryptocurrencies including Bitcoin, Ethereum and select altcoins.

Additionally, there is increased institutional interest and continued regulatory progress in the U.S. In particular, the U.S House of Representatives passed three crypto bills during the Crypto Week

As established financial actors continue to navigate into the digital environment, BitGo’s IPO could draw considerable investor interest. Should BitGo succeed in its public listing, it will cement its role as a leader in the crypto custody industry. The move could further draw other firms into going public as it paints long-term confidence in digital assets