The us new york stock exchange (NYSE) stands as the world’s largest equities marketplace, and its role in the digital asset sector is rapidly expanding. As of September 2025, the NYSE is not only a hub for traditional finance but also a gateway for leading crypto infrastructure firms entering public markets. This shift is highlighted by BitGo’s recent IPO filing, marking a significant milestone for institutional crypto adoption and regulatory progress in the United States.
On September 20, 2025, BitGo, a major U.S. digital asset custody provider, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. The company aims to list its Class A common stock on the us new york stock exchange under the ticker symbol BTGO. According to BitGo’s S-1 registration statement, the firm reported $4.19 billion in revenue for the first half of 2025 and managed $90.3 billion in assets under custody as of June 30, 2025 (Source: BitGo SEC Filing).
BitGo’s client base includes over 4,600 institutional clients and 1.1 million users across more than 100 countries. The platform supports 1,400+ digital assets, with asset concentration in Bitcoin (48.5%), Sui (20.1%), Solana (5.7%), XRP (3.9%), and Ethereum (3.0%). The company’s dual-class share structure ensures CEO Michael Belshe retains strategic control, with Class B shares carrying 15 votes each compared to one vote for Class A shares.
This IPO is expected to enhance transparency and trust in crypto custody, offering both retail and institutional investors a regulated entry point into the digital asset sector. BitGo’s compliance credentials, including SOC 1 and SOC 2 audits and a €-area license from Germany’s BaFin under the EU’s MiCA framework, further strengthen its position as a trusted custodian.
The us new york stock exchange has become a focal point for crypto infrastructure firms seeking public listings. BitGo’s IPO follows similar moves by other digital asset companies, reflecting renewed investor appetite and evolving U.S. regulatory frameworks. The SEC’s recent approval of streamlined rules for listing spot commodity ETPs, including cryptocurrencies, has reduced procedural barriers and accelerated market access for crypto products.
Traditional financial institutions are also re-entering the crypto custody space, with major banks like US Bancorp and Deutsche Bank expanding their digital asset services. This trend signals a broader normalization of digital assets within mainstream finance, supported by the NYSE’s robust regulatory environment and global reach.
Market analysts note that the growing demand for secure, institutional-grade custody solutions is reshaping digital asset management. BitGo’s $250 million insurance coverage and completion of key compliance audits underscore the importance of security and regulatory oversight for institutional clients.
BitGo’s public offering is expected to serve as a benchmark for crypto infrastructure firms, providing a liquid avenue for investors to participate in the sector’s growth. The IPO coincides with a revival in U.S. public market activity, driven by Federal Reserve rate cuts and favorable regulatory shifts. As of September 20, 2025, Bitcoin trades at $115,779.18, with a market cap of $2.31 trillion and a circulating supply of 19,923,296 BTC (Source: CoinMarketCap).
BitGo’s expansion into European markets under the MiCA framework and its plans to launch a dollar-backed stablecoin further highlight its strategic reach. The stablecoin will reward institutions providing liquidity, aiming to create a more open and fair system for digital dollar adoption.
For users and institutions considering digital asset custody, BitGo’s NYSE listing represents a new era of regulated, transparent, and scalable solutions. The us new york stock exchange continues to play a pivotal role in bridging traditional finance and the evolving crypto ecosystem.
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