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Jami

06/25 07:50

BitGo weighs IPO in H2 2025 following $100B in ass

BitGo weighs IPO in H2 2025 following $100B in assets under custody in H1crypto-news-stake-staking-option02-1380x820.webp

Crypto custody firm BitGo is considering an initial public offering as early as the second half of 2025, following a sharp rise in assets under custody that indicates growing institutional trust.

According to a June 25 Bloomberg interview with BitGo’s Asia-Pacific managing director Abel Seow, the company’s assets under custody jumped from $60 billion to $100 billion in the first half of the year. Seow attributed the 67% increase to a mix of rising global crypto adoption and improving regulatory clarity.

Half of BitGo’s current holdings are in staking, a yield-generating process where users pledge tokens to aid in the validation of blockchain transactions. Founded in 2013, the company currently oversees custody as well as trading, lending, and borrowing for institutional clients.

Its 2023 Series C fundraising raised $100 million at a $1.75 billion valuation with the help of investors such as Valor Equity Partners, DRW Holdings, Redpoint Ventures, and Goldman Sachs.

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