Executives from BitGo rang the opening bell at the New York Stock Exchange on Thursday morning, marking the launch of the digital asset infrastructure company’s initial public offering.
“BitGo’s decision to pursue a U.S. listing reflects a broader trend among internationally focused firms seeking long-term capital access and credibility with global institutions,” Nick Coombs, managing director of MENA at BitGo, told Decrypt, adding that the launch would strengthen confidence among partners and institutions outside the U.S., including on his turf.
“Trading as a public company increases transparency and governance expectations, which resonates with MENA financial institutions that prioritize robust regulatory frameworks and accountability.”
BitGo itself obtained licenses to operate in the EU and Dubai last year, and Coombs said clarity in market structure, particularly around custody, investor protection, and regulatory oversight, was important for long-term institutional participation.
"Since securing VARA licenses for custody and broker-dealer services, we’ve seen increased engagement from regulated exchanges, funds, banks, institutional participants, crypto natives, and fintech platforms in the region," he said.
He added that progress on U.S. regulatory frameworks that support clear roles for custodians, exchanges, and service providers would help align crypto infrastructure with broader financial standards.
