Crypto custody startup BitGo aims to raise up to $201M in its IPO on the NYSE at an up to $1.96B valuation, selling 11.8M shares priced between $15 and $17 each
Crypto custody startup BitGo aims to raise up to $201M in its IPO on the NYSE at an up to $1.96B valuation, selling 11.8M shares priced between $15 and $17 each
Crypto custody startup BitGo said on Monday it was targeting a valuation of up to $1.96 billion in its U.S. initial public offering …
Crypto custody company BitGo confidentially files for a US IPO; Palo Alto-based BitGo raised $100M at a $1.75B valuation in August 2023
The crypto custodian submitted a confidential U.S. listing as interest in public crypto stocks heats up. — What to know:
The US OCC says banks can buy and sell customers' crypto assets on their behalf and can outsource crypto custody and trade execution services to third parties
- The OCC clarified that national banks are permitted to execute cryptocurrency buy and sell orders on behalf of their customers.
BNY Mellon and other large custodial banks are interested in crypto custody but are hindered by US SEC rule SAB 121, which establishes accounting standards
Bloomberg :
Some of the largest custodial banks are interested in crypto custody but are hindered by the SEC rule SAB 121, which establishes accounting standards
- Coinbase, BitGo have been among the dominant service providers — SEC rule seen making it impractical for banks to do custody
Crypto custody startup Bastion, co-founded by two ex-a16z executives, raised a $25M seed led by a16z crypto to expand its tools for traditional companies
- Bastion raises $25 million in funding round led by a16z crypto — Startup to provide custody and other services on one platform
Crypto custody service Prime Trust and some of its affiliates file for Chapter 11 bankruptcy, listing liabilities of $100M to $500M and assets of $50M to $100M
Timmy Shen / The Block :
Anchorage Digital plans to custody a “significant portion” of Apollo Global Management's crypto portfolio and offer crypto custody services to Apollo's clients
Andrew Throuvalas / Decrypt :
Sources: Nasdaq is exploring an institutional crypto custody service, pending regulatory approval, and a crypto-focused division called Nasdaq Digital Assets
- Nasdaq has been plotting a move into crypto custody, according to several sources. — The move is in line with its broader mission …