#What Happened with BitGo's IPO?
BitGo, a prominent digital asset custody and security firm focused on serving institutional clients, entered the market with its initial public offering, pricing the shares at $18. On the first day of trading on the New York Stock Exchange, the stock opened significantly higher, at approximately $22.4, and even peaked at $24.1. By the end of the session, the shares had adjusted yet still closed around $20.1, marking an impressive 13% increase from the IPO price.
#How is BitGo Expanding Access to Its Shares?
Within hours of its market debut, Ondo Finance facilitated the availability of tokenized BitGo shares through its platform, Ondo Global Markets. This allowed investors to access these newly listed equity securities on-chain, which means they can trade them using blockchain technology. The tokenized shares became available on major blockchain networks such as Solana, Ethereum, and the BNB Chain.
#What Does This Mean for On-Chain Trading?
The introduction of BitGo shares on-chain represents a significant milestone in the accessibility of U.S. publicly traded companies globally, particularly in near real-time. This development follows Ondo Global Markets' recent expansion to the Solana blockchain, positioning BitGo as the 205th stock to be available for on-chain trading.
Since its inception in September 2025, Ondo Global Markets has emerged as a leader in the tokenized securities space, currently boasting about $466 million in total value locked and over $6.4 billion in cumulative trading volume. This growth underscores the increasing interest and adoption of tokenization in the financial securities market, making it easier for traditional investors to engage with digital assets and new investment opportunities.