BITGO FILES FOR U.S. IPO AS INSTITUTIONAL CUSTODY DEMAND GROWS

Crypto custody provider BitGo filed for a U.S. initial public offering, aiming for a valuation near $1.96 billion and plans to raise about $201 million through share sales.

The filing, with Goldman Sachs and Citigroup as lead underwriters, signals growing institutional demand for regulated digital asset custody services.

BitGo specializes in institutional storage and protection of crypto assets, a critical service as institutional participation rises.

The IPO on the New York Stock Exchange would expand regulated infrastructure options for institutions engaging with digital assets.

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