Bitgo has filed confidential documents with the United States Securities and Exchange Commission (SEC) for a potential initial public offer, signaling its intention to enter public procurement in a renewed moment in the digital asset sector.
The submission of the company S-1 Form of the Company does not include the number of shares or the details of the prices, and the offer remains subject to the regulatory examination and larger market conditions.
If it is approved, Bitgo could become one of the last cryptocurrency companies to make its debut in Wall Street, following the growing demand for regulated access to the blockchain infrastructure.
Bitgo specializes in secure childcare solutions for trading institutions and platforms, providing storage and compliance tools for digital assets for an increasing number of financial entities. With the global market capitalization of cryptography exceeding 4 dollars of dollars, the company is positioning itself to extend its range in the American and international markets.
Regulatory victories
As part of its international growth plan, Bitgo recently obtained regulatory approval as part of the European Union markets (MICA) markets.
The authorization allows the company to offer childcare services in all EU member states, creating a rationalized regulatory route for operations through the block.
This step place Bitgo among the first major digital asset companies based in the United States to obtain pan-European compliance under the mica. The company aims to use this foundation to deepen relations with European financial institutions looking for an exposure regulated in cryptography.
Meanwhile, in the United States, Bitgo continues a charter of the National Bank, which would allow it to integrate more into traditional banking infrastructure and to offer services in a more complete regulatory structure.
IPOS Crypto
Bitgo’s move follows a wider wave of digital asset companies preparing for public announcements after the spectacular beginnings of Circle earlier this year.
Several cryptographic companies, including gray levels, bruises and gemini, have also taken measures to stock market IPOs in recent months, encouraged by better regulatory clarity and increasing institutional interest.
Investors’ enthusiasm increased in parallel with the last rally of Crypto Market, Bitcoin recently trading above $ 120,000 and institutional capital continuing to go into blockchain assets.
Bitgo previously raised $ 100 million in 2023 with an evaluation of $ 1.75 billion, reflecting solid support from strategic investors focused on cryptographic infrastructure.
If it is completed, the IPO of Bitgo would add to the growing list of digital asset companies that are negotiated on American exchanges and reported an increase in the sector’s due date.
