Digital asset custody firm BitGo made its public market debut on the New York Stock Exchange on Thursday, securing $218.2 million in what stands as the first major cryptocurrency IPO of 2026. The company set its offering price at $18 per share, giving it an initial valuation of approximately $2.08 billion.
Trading under the ticker symbol BTGO, BitGo shares surged as much as 36% during the session before settling at $18.49, reflecting a 2.7% gain over the IPO price. In a message to clients, CEO and co-founder Mike Belshe described the listing as a pivotal step toward expanding BitGo’s capacity to deliver highly secure and scalable infrastructure for the digital asset ecosystem, while also strengthening its financial flexibility for long-term expansion.
Long regarded as a core provider of institutional-grade crypto custody and settlement services, BitGo’s public listing is widely seen as a landmark moment for the industry. The IPO underscores the accelerating convergence between traditional finance and digital assets, highlighting the growing institutional embrace of cryptocurrency infrastructure.
Ondo Tokenizes BitGo Shares Hours After Historic NYSE IPO
Shortly after BitGo’s listing on the New York Stock Exchange, Ondo Finance revealed plans to tokenize the company’s shares via its Ondo Global Markets platform. This initiative will allow BitGo equity to trade on-chain across Solana, Ethereum, and BNB Chain, marking one of the earliest cases where stock from a newly listed U.S. company has been tokenized and distributed globally almost immediately.
Since its launch in September 2025, Ondo Global Markets has grown into the largest tokenized securities platform by total value locked, boasting roughly $466 million in TVL and more than $6.4 billion in cumulative trading volume. With BitGo added to its lineup, the platform now supports 205 tokenized assets.
The swift rollout comes amid broader industry momentum, following the NYSE’s recent announcement that it is working toward a 24/7 trading and settlement system for tokenized securities, subject to regulatory clearance.
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