BitGo’s Crypto Custody Hits $100B Amid Global Adoption

BitGo Inc., a major US-based crypto custody firm, has seen its assets under custody surge from $60 billion to $100 billion in the first half of 2025, driven by growing crypto adoption and clearer global regulatory frameworks. Half of these assets are involved in staking, where investors lock tokens to validate blockchain transactions and earn rewards. BitGo, founded in 2013, offers custody, trading, lending, and borrowing services, and raised $100 million in funding in 2023 with a valuation of $1.75 billion, supported by investors like Goldman Sachs and DRW Holdings. The company is considering an initial public offering in the second half of 2025, encouraged by President Donald Trump's pro-crypto policies, including regulatory appointments and stablecoin legislation. International expansion has been a focus, with partnerships in South Korea with Hana Financial Group and SK Telecom, and new operations launched in Dubai in early 2025. Additionally, BitGo has enhanced institutional trust through strategic integrations like KuCoin’s off-exchange settlement and facilitated significant crypto transactions such as VivoPower’s $250 million XRP acquisition.