BitGo IPO signals Wall Street’s growing appetite for crypto infrastructure
Crypto custody firm BitGo has raised $212.8 million in its U.S. initial public offering, according to reports.
This marks the first major crypto-native IPO of 2026 and reinforces a trend that has increasingly favoured infrastructure providers over speculative trading businesses.
The company priced its shares at $18, above its marketed range, valuing BitGo at roughly $2.1 billion.
The listing comes at a time when digital asset prices remain volatile, suggesting investor interest is shifting away from market cycles and toward the underlying plumbing that supports institutional participation.
Custody takes centre stage
According to an announcement from the New York Stock Exchange, BitGo went live today, 22 January.
BitGo has…
