Cryptocurrency custodian BitGo secretly applied for an IPO, helping to promote the mainstreaming of the digital asset industry.

According to the Securities and Exchange Commission, the cryptocurrency custody institution BitGo secretly submitted its initial public offering (IPO) application on Monday local time. This news comes as the total global digital asset market size has surpassed a historical high of $4 trillion. As a leading cryptocurrency custody service provider in the United States, BitGo's listing plan signifies that the digital asset industry is accelerating its integration into traditional capital markets.