BitGo Holdings is making a significant move by debuting on the New York Stock Exchange today following the pricing of its IPO at $18 per share. This pricing was above the expected range and allowed the company to raise $212.8 million, subsequently valuing the crypto custody firm at $2.2 billion. This IPO marks an important milestone as the first major cryptocurrency public offering of 2026.
Founded in 2013, BitGo specializes in providing institutional-grade custody, wallet security, staking, and treasury services, safeguarding tens of billions of assets for a diverse global clientele. In a noteworthy development, BitGo recently obtained conditional approval from the U.S. Office of the Comptroller of the Currency to operate as a national trust bank. This designation facilitates the firm in offering federally regulated custody services across the nation without needing individual state licenses.
How does the OCC's decision impact the landscape for cryptocurrency firms? The approval reflects ongoing efforts to incorporate crypto businesses into the traditional financial system. A similar conditional designation was granted in late 2025 to notable names like Fidelity Digital Assets, Paxos, Circle, and Ripple.
BitGo's listing comes on the heels of a robust performance from other crypto offerings in 2025, including a strong debut from Circle, which is the issuer of the USDC stablecoin. Figure, a blockchain infrastructure firm, also showcased impressive early gains.
As BitGo enters the NYSE, it does so at a time when digital assets face pressures, particularly with Bitcoin struggling to regain its footing above $90,000 since dipping below that threshold in November 2025. This IPO could act as a key indicator of investor interest in the cryptocurrency market as we progress further into 2026.