BitGo files for US IPO as crypto custody business surpasses $100B
BitGo confidentially submits S-1 filing to the Securities and Exchange Commission amid $100 billion in assets under custody and growing international expansion.
Digital asset custodian BitGo has filed paperwork to pursue an initial public offering (IPO) in the United States, highlighting the crypto industry’s continued push toward mainstream financial markets.
On Monday, BitGo announced it had confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (SEC) for a proposed IPO of its Class A common stock. At the time of filing, no determination was made on the number of shares or price range of the stock offering.
As of publication, the registration statement had not yet appeared on the SEC’s EDGAR database.