BitGo set to debut on NYSE at $2.2B valuation in first crypto IPO of 2026

BitGo Holdings is set to debut on the New York Stock Exchange today after pricing its IPO at $18 per share, above its marketed range. The offering raised $212.8 million, valuing the crypto custody firm at $2.2 billion and marking the first major crypto IPO of 2026.

Founded in 2013, BitGo provides institutional-grade custody, wallet security, staking, and treasury services, securing tens of billions in assets for a global client base.

In early December, BitGo received conditional approval from the US Office of the Comptroller of the Currency to become a national trust bank. The designation allows the firm to offer federally regulated custody services nationwide without state-by-state licensing.

The OCC move reflects broader efforts to integrate crypto firms into the traditional financial system. Similar conditional approvals were granted to Fidelity Digital Assets, Paxos, Circle, and Ripple in late 2025.

BitGo’s listing follows strong crypto offerings in 2025. Circle, issuer of the USDC stablecoin, surged on debut, while Figure, a blockchain infrastructure firm, also posted strong early gains.

The company’s NYSE debut comes as digital assets remain under pressure, with Bitcoin struggling to regain momentum above $90,000 since slipping below that level in November 2025. The IPO could serve as a barometer of investor appetite for crypto markets moving deeper into 2026.