BitGo, a cryptocurrency custodian, is contemplating an initial public offering (IPO) potentially in the second half of 2025, according to a Bloomberg report. The company is currently in discussions with investment banks, although no final decision has been made. Based in Palo Alto, BitGo provides regulated crypto custody, lending, and infrastructure services to U.S. institutions and is known for being the custodian of wrapped Bitcoin (wBTC), which has a market capitalization of around $12 billion. This IPO consideration comes as several major crypto firms, including stablecoin issuer Circle and exchanges Kraken, Gemini, and Bullish, are also exploring public listings, especially following the positive market response after President Donald Trump’s election victory. In 2023, BitGo raised $100 million at a $1.75 billion valuation, with noted backers like Goldman Sachs. The company continues to position itself in a growing sector of regulated digital asset custodians.

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