BitGo has confidentially filed paperwork for an initial public offering (IPO) in the United States, according to high-profile social media reports on Monday.

The crypto custody firm is seeking to join a growing wave of digital asset companies going public amid renewed market optimism and regulatory clarity. The timing and valuation of the IPO remain undisclosed.

BitGo, founded in 2013, is a major provider of institutional crypto custody, settlement, and wallet infrastructure. It serves clients ranging from crypto exchanges and hedge funds to banks and asset managers.

The company’s move follows successful IPOs from firms like Circle and recent filings by Bullish and Grayscale. It signals further institutional confidence in the digital asset sector.

Earlier this year, BitGo expanded its product suite with regulated staking services and launched new integrations for tokenized asset custody. The firm holds over $64 billion in digital assets under custody, according to its latest disclosures.

Confidential filings allow companies to begin the IPO process without public scrutiny until they finalize key terms. BitGo has not yet commented publicly on the filing.

The IPO, if approved, would make BitGo one of the few crypto-native custody providers to list on a US exchange.

This is a developing story.