BitGo, a cryptocurrency custodian, is considering going public with an initial public offering (IPO) in the latter part of 2025, as per reports. This decision comes amidst growing confidence in cryptocurrency regulations under the second administration of Donald Trump, who has shown strong support for the digital asset industry.

The potential IPO plans of Crypto Unicorn BitGo have sparked discussions with potential advisors, signaling a strategic move towards a public debut in response to the rising institutional interest in the crypto sector. Although BitGo has not officially confirmed its IPO intentions, the company, established in 2013, has gained prominence in the crypto custodian space, serving over 1,500 institutional clients across more than 50 countries. Offering a range of services such as crypto custody, trading, borrowing, and lending, BitGo plays a significant role in the industry, handling around 8% of global Bitcoin transactions.

Recent announcements from BitGo highlight its remarkable growth, securing over $100 billion in assets under custody and solidifying its position as the world's foremost independent custodian. This development aligns BitGo with other crypto firms exploring the possibilities of going public, leveraging a favorable regulatory climate perceived during the Trump administration.

Notable players such as Gemini, Kraken, Circle, and Bitpanda are also evaluating IPO opportunities, reflecting a broader trend in the industry. The momentum in crypto IPOs underlines the growing mainstream acceptance of the sector despite previous regulatory uncertainties.

Moreover, BitGo’s CEO, Mike Belshe, has publicly supported Donald Trump's policies on digital assets, indicating a symbiotic relationship between BitGo’s leadership and the U.S. president. Belshe’s active involvement in supporting Trump’s presidential campaign underscores BitGo's ties to the political landscape, further enhancing the potential impact of its IPO plans.