TL;DR
- BitGo, one of the leading cryptocurrency custodians, plans to launch its initial public offering (IPO) in 2025, a move that could mark a milestone in the institutional adoption of the sector.
- The company has expanded its presence in the Asia-Pacific region with its Singapore subsidiary, strengthening its global growth strategy.
- Growing institutional interest in cryptocurrencies is fueling a wave of potential IPOs in the sector, with firms like Gemini and Kraken also considering similar moves.
BitGo, one of the most influential companies in the digital asset custody ecosystem, is reportedly in talks with financial advisors about a potential public offering in the second half of 2025. The Palo Alto-based firm has not yet confirmed the operation officially, but various sources close to the company indicate that the evaluation process is already underway. If confirmed, this move would represent a significant milestone for the crypto industry, attracting the attention of institutional investors and regulators who seek greater transparency and security in the sector.
Founded in 2013, BitGo has been a foundational player in the crypto infrastructure, offering custody, trading, and lending services to more than 1,500 institutional clients in 50 countries. The company’s platform processes approximately 8% of all Bitcoin transactions globally, positioning itself as a reference for security and reliability within the ecosystem. Moreover, the company has developed compliance solutions that have been key to the institutional adoption of digital assets.
The Rise of Crypto IPOs: A Paradigm Shift in the Market
The cryptocurrency sector is experiencing a period of rapid maturation, with growing interest from banks, investment funds, and major corporations. This has prompted several companies in the sector to consider going public as a way to attract capital and strengthen their market position. Firms like Gemini and Bullish Global, among others, have also expressed similar intentions, highlighting the growing trend toward the institutionalization of cryptocurrencies.
On the financial front, BitGo has proven itself to be a solid player. In 2023, the company raised $100 million in a funding round, reaching a valuation of $1.75 billion. Its investors include heavyweight names such as Goldman Sachs and DRW Holdings, showcasing the backing of major players in the financial sector.
BitGo’s expansion into Asia through its Singapore subsidiary is a clear sign of its strategy to bolster its international presence. As crypto regulation evolves and governments seek to establish clearer regulatory frameworks, BitGo’s IPO could mark the beginning of a new era for the integration of traditional finance and digital assets. If successful, it could not only generate confidence in the market but also pave the way for other crypto companies to follow suit and strengthen the legitimacy of the sector.
