Bitgo submitted a request to quote shares on the US Stock Exchange

Bitgo, One of the main cryptocurrency custody companies, presented this week to the US stock and securities commission (sec) Your application for an initial public offer (IPO), with which it seeks to quote in the NYSE Under the symbol “Btgo.” The company with headquarters in Palo Alto expects to capitalize on the renewed institutional appetite for digital asset infrastructure in the context of the Trump administration.

The company reported in its S-1 form which manages approximately USD $ 90.3 billion in assets as of June 30, 2025. Its customer base includes more than 4,600 entities and 1.1 million users in more than 100 countries, which underlines its position as a global actor in the digital custody sector.

Bitgo It offers support for more than 1,400 digital assets and serves a wide range of customers, including Crypto Native Companies, Financial Institutions, Governments and High Heritage People. The firm also highlights its insurance coverage for USD $ 250 million and the culmination of audits SOC 1 and SOC 2a relevant standard in security and internal controls.

Shareholding control and voting structure

The co -founder and CEO of Bitgo, Michael Belshe, will retain control of the company through a dual shareholding structure. Will possess class B actions with 15 votes per action, in contrast to a vote for class A. This scheme qualifies the entity as “Controlled Company” under the rules of the NYSE, which allows you to be exempt from certain governance standards.

This strategy is not unprecedented in the technological sector, but makes a difference in the crypto industry, where the retention of control by founders can influence strategic decision making and the future direction of the business.

The process of IPO coincides with obtaining by Bitgo of an expanded license of the German regulatory body BAFIN This permit allows its European subsidiary to offer sale services, custody, staking and transfers within the framework of the law Mica (Markets in Crypto-Assets) of the European Union.

Regulatory expansion is key at a time when the crypto industry seeks legitimacy and normative compliance in mature markets. The license can also serve as a bridge to capture European institutional clients that demand greater legal certainty and stricter custody standards.

Market context and recent precedents

The stock market debut Bitgo It occurs after several successful departures from other companies crypt in recent months, including Circle (Stablecoins issuer), the bag Bullishthe exchange Gemini and the loan firm Blockchain figure. This context suggests that traditional investors see with interest digital infrastructure, especially after the return of most favorable policies of the US government towards the sector.

At the same time, traditional financial institutions have also moved in the same direction. In July, Deutsche Bank announced that it will allow its customers to store cryptocurrencies, including Bitcoin, From next year. In August, it was known that Citigroup Evaluates offering custody and payments in crypto.

Banks in the US re -entered the crypto sector

In early September, US Bancorp reactivated its digital asset custody service for institutional managers, after the Trump administration reversed a standard of the Sec which demanded additional capital to banks with crypto activities. The bank, which originally launched the service in 2021 along with NYDIG, He had paused him for compliance restrictions, but with the normative change he has re -entered the sector.

This type of movements consolidates the convergence trend between traditional banking and crypto services, reinforcing competition and increasing pressure on digital native platforms to maintain high standards of safety and regulatory compliance.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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