BitGo: A New Player in the Crypto Game

January 22, 2026 marked a significant milestone as BitGo, a leading crypto custodian, became the first crypto company to join the stock market this year. The debut was met with enthusiasm, as the stock price surged, reflecting strong investor interest.

A Decade of Growth

Founded in 2013, BitGo has established itself as a trusted partner for institutions, offering secure crypto storage and trading solutions. In September 2025, the company filed for an IPO, setting an initial share price of $18, valuing the firm at over $2 billion.

A Strong Market Debut

On its first trading day, BitGo's stock skyrocketed by 36%, peaking at $24.50. As of the latest update, the stock remains up 20%, trading at $21.60.

Tokenized Shares: A Global Opportunity

In a groundbreaking move, Ondo Finance made tokenized versions of BitGo's stock available on the same day. This innovation allows investors outside the U.S. to participate, even if they can't access the New York Stock Exchange. The tokenized shares are tradable on Solana, Ethereum, and BNB Chain.

A Bridge Between Crypto and Traditional Finance

BitGo's IPO signifies the growing convergence of crypto and traditional finance, making investments more accessible. However, investors should remain cautious, as crypto-related stocks can be volatile and carry significant risk.