Crypto custodian BitGo is considering an initial public offering (IPO) later this year, Bloomberg reported on February 11.
The Palo Alto-based company is reportedly in talks with investment banks for guidance on a possible IPO, which could occur in the second half of 2025, although no final decision has yet been made.
BitGo offers regulated cryptocurrency custody, lending and infrastructure services to US institutions.
It is especially recognized as the custodian of Wrapped Bitcoin (wBTC), a popular token that represents Bitcoin on other blockchain networks.
BitGo is among several major crypto companies contemplating entry into the public securities markets in 2025.