Crypto custody giant BitGo rushes to US IPO, raising $200 million

【Blockchain Rhythm】The crypto asset custody sector is ushering in new developments. BitGo plans to raise up to $201 million through an IPO in the United States, marking a significant event in the funding scale of this field.

Founded in 2013, this California-based company has become the most influential crypto custody service provider in the U.S. The offering plans to issue 11.8 million shares, priced between $15 and $17 per share. Goldman Sachs and Citigroup are joint bookrunners, and BitGo will list on the New York Stock Exchange under the ticker symbol BTGO.

Why is this IPO worth paying attention to? What does it reflect? As institutional capital’s demand for digital asset allocation continues to heat up, professional-grade custody and security solutions are becoming a key part of industry infrastructure. With years of operational experience, customer resources, and technological barriers, BitGo has secured a core position in this sector. This listing and fundraising not only mark a milestone in the company’s development but also reflect the acceleration of the entire Web3 institutionalization process.