BitGo Holdings, a crypto custody firm, has confidentially filed for an initial public offering (IPO) without disclosing share or price details.

Founded in 2013 in Palo Alto, BitGo offers trading, lending, and custody services for digital assets.

The firm reported an increase in assets under custody, rising from US$60 billion to US$100 billion in the first half of 2025.

Its investors include Goldman Sachs Group, DRW Holdings, Redpoint Ventures, and Valor Equity Partners.

BitGo’s IPO follows recent regulatory progress, including the US’s first federal stablecoin law and the launch of its global OTC trading desk for institutions.