Startup companies
fromBitcoin Magazine
2 hours agoBitGo Eyes Near $2 Billion Valuation In US IPO
BitGo launched an IPO to raise up to $201 million, offering about 11.8 million Class A shares and planning an NYSE listing under ticker BTGO.
The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approvals for five digital asset firms - Ripple, Circle, Fidelity Digital Assets, BitGo, and Paxos - to become federally chartered national trust banks, marking a major milestone in the integration of cryptocurrency into traditional finance. The approvals, announced Friday, allow the firms to convert from state-level trust charters to federal status, subject to meeting the OCC's conditions.