BitGo, the largest crypto asset custody institution in the United States, has been making frequent moves. This veteran custodian, founded in 2013, has just submitted an IPO application to the U.S. Securities and Exchange Commission, planning to list on the New York Stock Exchange with the stock ticker symbol BTGO.

According to the fundraising documents, BitGo plans to issue 11.8 million shares, with a price range of $15 to $17 per share. If priced at the high end, the fundraising scale could reach $201 million. This size is not small in the crypto industry—after all, only a few crypto companies have reached the IPO stage.

As a key infrastructure provider in the U.S. crypto ecosystem, BitGo mainly offers secure custody services for digital assets to institutions and high-net-worth individuals. In recent years, as institutional funds have heavily entered the crypto market, the demand for custodians like BitGo has grown rapidly, and their industry standing has risen accordingly. This IPO application further validates the recognition of crypto financial infrastructure in the U.S. market.