BitGo kicks off 2026 IPO race as crypto custodian raises $213m
Crypto custodian BitGo said Wednesday that it had raised $212.8 million in its initial public offering, valuing the company at over $2 billion and kicking off 2026, which is expected to be a blockbuster year for digital asset firms going public.
The company said it had sold 11.8 million shares at $18 apiece, above its marketed range.
BitGo on Thursday listed on the New York Stock Exchange under the symbol “BTGO.”
A number of top crypto firms went public last year, cementing the digital asset space firmly in the mainstream, and more big players in the industry are expected to list this year.
BitGo first announced plans to go public in September 2025, following successful listings from stablecoin issuer Circle and crypto exchanges Bullish and Gemini.
Founded in 2013, the firm stores digital assets for major players in the crypto space, including Donald Trump-backed DeFi project World Liberty Financial, which last year hired the firm to custody its stablecoin, USD1.
Big year for IPOs
Digital asset businesses raised $3.4 billion through initial public offering rounds last year, DefiLlama data shows.
Listings come as regulators in the US take a more friendly approach to the space under US President Donald Trump, who campaigned to help the industry and received backing from digital asset entrepreneurs.
Regulators have scrapped lawsuits against top crypto companies like Coinbase, Binance, and Ripple since Trump took power.
American crypto exchange Kraken, blockchain software company Consensys, and hardware wallet manufacturer Ledger are just some of the big names expected to go public this year, the companies have said in SEC filings.
Mathew Di Salvo is a news correspondent with DL News. Got a tip? Email at [email protected].
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