The BitGo IPO is likely to take place sooner than investors had expected. The Crypto custody firm may go public in late 2025, signaling rising institutional trust amid surging assets under custody.
In a June 25 interview with Bloomberg, BitGo’s Asia-Pacific managing director Abel Seow revealed that the company’s assets under custody surged from $60 billion to $100 billion in the first half of 2025.
The rise marks a 67% increase, highlighting the firm’s growing popularity. This substantial growth highlights the rising institutional interest in digital assets and BitGo’s expanding role as a trusted crypto custodian.
Seow credits growth to rising crypto adoption and improved regulatory clarity
Seow attributed the rise to two key factors: the increasing pace of global crypto adoption and clearer regulatory frameworks across several markets.
As more institutional investors and traditional financial players gain exposure to crypto, demand for secure and compliant custody solutions like BitGo’s has grown significantly.
Additionally, evolving regulatory clarity—particularly in regions like the U.S., Europe, and parts of Asia—has helped reduce uncertainty, encouraging more capital to flow into digital assets.
BitGo, known for its institutional-grade security and infrastructure, has been a preferred custodian for both centralized platforms and large-scale investors.
Its growth also reflects broader market trends, with Bitcoin, Ethereum, and other digital assets seeing renewed interest amid discussions around spot ETFs, stablecoin regulations, and blockchain adoption in finance.
The jump in custody assets reinforces BitGo’s strong market position and suggests further institutional expansion in the crypto ecosystem.
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Half of BitGo’s holdings linked to staking for blockchain validation
Half of BitGo’s current holdings are tied to staking, a process where users lock up crypto assets to help validate blockchain transactions and earn rewards.
This highlights growing institutional interest in yield-generating strategies within the crypto space.
Founded in 2013, BitGo has evolved into a comprehensive platform offering custody, trading, lending, and borrowing services tailored for institutional clients. Its strong reputation in secure asset management has attracted major investors.
In 2023, BitGo raised $100 million in a Series C funding round, achieving a $1.75 billion valuation.
Key backers included Valor Equity Partners, DRW Holdings, Redpoint Ventures, and Goldman Sachs, signaling strong confidence in BitGo’s long-term role in the digital asset infrastructure ecosystem.
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BitGo IPO signals key milestone in crypto’s move to public markets
BitGo IPO would mark a major milestone, positioning it among the few crypto firms transitioning to public markets.
This move reflects growing investor confidence in regulated digital asset infrastructure.
The timing aligns with a broader shift in U.S. policy under President Donald Trump, who has adopted a more crypto-friendly stance since returning to office.
His administration has appointed regulators supportive of the digital asset industry and is actively pushing for stablecoin-specific legislation.
This supportive regulatory environment has encouraged more crypto companies to seek public listings, aiming to capitalize on increased legitimacy and market expansion.
For BitGo, an IPO would not only boost its visibility but also strengthen its leadership role in institutional crypto custody and financial services.
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