Bitgo files for the US IPO with $ 90 billion in detention

The Crypto Bitgo Curry Society has filed a first public call in public (IPO), aimed at capitalizing on the renewed institutional demand for digital asset infrastructure within the framework of the Trump administration.

The company aims to list its ordinary class A shares on the New York Stock Exchange under the symbol of Ticker “BTGO”, according to its S-1 registration with the dry dated on Friday.

The company based in Palo Alto declared about $ 90.3 billion in assets on its platform on June 30, 2025. Its customers covers more than 4,600 entities and more than 1.1 million users in 100 countries.

Bitgo supports more than 1,400 digital assets and serves a mixture of crypto-native companies, financial institutions, governments and individuals. The company also praises $ 250 million in insurance coverage and completion of the control audits for the Organization of Services (SOC) 1 and SOC 2.

Bitgo files for the IPO in the American stock market. Source: James Seyffart

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CEO of Bitgo to maintain voting power

The co-founder and CEO of Bitgo, Michael Belshe, will maintain control through a double-class action structure, holding class B actions with 15 votes each, compared to a vote for class A actions. This configuration qualifies Bitgo as “controlled company” under the rules of NYSE, exempting it from certain standards of governance.

The Introductory Package on the Stock Exchange comes while Bitgo has obtained an prolonged license from the Federal Financial Supervision Authority in Germany (Bafin), allowing its European arm to offer negotiation, guard, stake and transfer services within the framework of the markets in the CRIPTO-ASTETS ​​(MICA) of the EU.

A certain number of crypto companies have had solid beginnings on the public market in recent months, in particular the circle of the Stablecoin issuer, the Budchain loan firm and the Blockchain Loan Company.

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Us Bancorp returns to the cryptography guard

Earlier this month, the United States Bancorp has relaunched its digital asset childcare services for institutional investment managers after a regulatory decline in the Trump administration which reversed a dry rule forcing banks to hold capital against activity related to cryptography.

The bank initially launched the service in 2021 with NYDIG, but took a break due to compliance constraints. Now, with the canceled rule, US Bancorp has entered the cryptographic space.