Crypto 'Guardian' Rings the Bell at the New York Stock Exchange
BitGo ($BTGO), a leading cryptocurrency custody provider, went public on the New York Stock Exchange on January 22, pricing its IPO at $18 per share. The stock opened at $22.43, rising about 25% on its first day, giving the company a valuation of approximately $2 billion.
Founded in 2013 by Mike Belshe, BitGo pioneered multi-signature wallet technology and later became a regulated trust company, positioning itself as a key infrastructure provider for institutional investors. Its core business revolves around custody services, staking, trading, and stablecoin-as-a-service offerings.
In 2025, BitGo generated an estimated $195.9 million in core economic revenue, with nearly half coming from high-margin subscription services. The company serves over 4,900 institutional clients and has become a critical backend provider for major Bitcoin and Ethereum ETFs.
Notably, BitGo tokenized its stock on the same day as its IPO through a partnership with Ondo Finance, enabling trading on Ethereum, Solana, and BNB Chain and bridging traditional finance with DeFi.
The successful IPO reflects growing investor confidence in crypto infrastructure companies with sustainable business models and regulatory compliance, signaling continued maturation in the digital asset industry.
比推01/22 21:05