July 21 (Reuters) - BitGo, a provider of trust and

security services for digital assets, said on Monday it has

confidentially filed for a U.S. listing, as crypto firms race to

capitalize on renewed market momentum.

Several high-profile companies, including those in riskier

sectors like crypto and fintech, have launched successful

listings in recent weeks, signaling pent-up demand and a rebound

in capital markets activity.

BitGo's announcement follows the crypto sector's market

value hitting $4 trillion last week, driven by a wave of

corporate treasury adoption, regulatory clarity in key markets,

and rising institutional inflows.

Last week, U.S. President Donald Trump signed a law to

create a regulatory regime for dollar-pegged cryptocurrencies

called stablecoins, potentially allowing the digital assets to

become an everyday way to make payments and move money.

Bitcoin, the world's largest and best-known cryptocurrency,

recently breached the $120,000 mark. It is up 26% so far in

2025, while ether, the second-largest, has gained about 14%.

The sector's rapid ascent has opened the floodgates for IPO

filings. Crypto-focused asset manager Grayscale and Gemini, the

digital assets exchange founded by Tyler and Cameron Winklevoss,

have also confidentially filed to go public in recent weeks.

The number of shares to be offered and the price range for

the proposed initial public offering have not yet been

determined, BitGo said.

The Palo Alto, California-based company had raised $100

million at a $1.75 billion valuation in August 2023.

Founded in 2013, BitGo is one of the largest crypto custody

firms based in the U.S. These companies store and protect

digital assets on behalf of clients, a role that has become

increasingly important as institutional interest in crypto

rises.

Firms like BitGo have become key players by offering secure

storage, helping clients meet regulatory requirements, and

safeguarding assets against theft or loss.