BitGo Holdings, Inc. (NYSE: BTGO) has been named to the 2026 Fortune 500, becoming the first true digital asset infrastructure company to make the list. The debut comes just five months after the company went public on the New York Stock Exchange in January 2026, with reported revenue of approximately $16.2 billion by 2025.
The 2026 Fortune 500 edition, which features President Donald Trump on the cover and is on sale now, includes BitGo at No. 273. BitGo also appears in related coverage, while CEO Mike Belshe is slated for a prominent spot on the upcoming Fortune Crypto 100 list in August, including feature coverage and limited cover variants.
While miners, major exchanges and treasury-focused companies have gone public in recent years, BitGo stands out as the first dedicated infrastructure provider – focused on custody, wallets, settlement and related services – to achieve Fortune 500 status so soon after its public listing.
Background and evolution
BitGo was founded in 2011 by Mike Belshe, its current CEO, along with Bill Lee, Ben Davenport and Will O’Brien. It began as a provider of secure Bitcoin wallets and institutional-grade custody solutions that emphasized multi-signature technology and corporate security at a time when there were few reputable options for large holdings.
Over more than a decade, the company grew into one of the most recognized names in digital asset infrastructure, operating wallets, custody, trading and operations for many prominent platforms, funds and institutions in the Bitcoin and wider crypto industry.
Current operation and regulatory status
Today, BitGo operates as a full-stack infrastructure provider. It operates as BitGo Bank & Trust, National Association, a federally chartered national trust bank under the Office of the Comptroller of the Currency (OCC). This designation, approved in December 2025, imposes stringent federal requirements – including enhanced capital standards, regular audits, comprehensive risk management and fiduciary oversight – while delivering significant strategic benefits.
The OCC charter provides uniform federal oversight and regulatory clarity, replaces fragmented state-by-state licensing in many cases, and offers institutions the security they expect from a federally regulated fiduciary. It enables nationwide service functions with federal precedence for certain duplicative state requirements.
Nick Payton, VP of Marketing at BitGo, told Bitcoin Magazine that the OCC’s federal charter, combined with being a public company, unlocks regulatory clarity that institutional clients demand. “We used the money and made sure to take that burden off our customers.” Payton also described the OCC’s federal charter as a moat that software alone cannot easily unlock, even with the power of artificial intelligence.
Finally, the OCC’s federal charter also strengthened the company’s ability to expand services such as stablecoin infrastructure, cold deposit staking, Prime trading and derivatives and tokenization activities under a clear federal framework, positioning BitGo as a key bridge between traditional banking rails and digital assets.
Its client base is primarily institutional, including exchanges, funds and Bitcoin ETF issuers. Notable examples include 21Shares (custodian for Bitcoin ETFs), Fold (which relies on BitGo infrastructure for core operations), World Liberty Financial (custodian and infrastructure for its USD1 stablecoin), and SoFi (infrastructure and distribution support for SoFiUSD, positioned as the first US national bank-issued stablecoin on a public blockchain).
High net worth individuals also use the platform for Qualified Custody, cold storage betting and Prime services. While some retail-facing tools exist throughout the broader platform, BitGo has maintained a deliberate focus on institutional and sophisticated clients rather than becoming a mass-market retail platform.
Prime Services and Global Footprint
BitGo has expanded its Prime desk to include OTC trading, electronic trading and derivatives, which recently came online. This allows clients to access liquidity, execute strategies and manage collateral directly from qualified custodians. The service supports operational needs such as lending against Bitcoin holdings or generating returns without moving assets off the platform.
The company operates globally in more than 100 countries. It maintains regulated licenses and entities in key regions, including a VARA license in Dubai, an office in London, a Latin America headquarters in Mexico City and an APAC base in Singapore, according to Payton.
Revenue drivers
Payton also outlined the company’s primary revenue contributors today, which primarily consist of custody fees, the company’s bread and butter, along with other growing sources of revenue such as BitGo Prime, which includes OTC, e-trading and the newer derivatives.
Crypto asset staking also made the list of top revenue drivers for the company, allowing clients to earn returns on assets like Ethereum and Solana while they are held in cold storage. Finally, Stablecoins have become a fast-growing segment of the company’s revenue via their Stablecoin-as-a-Service platform, which handles minting, burning and storage. Recent examples include backing World Liberty Financial’s USD1, which Payton described as one of the fastest-growing stablecoins approaching significant revenue, and SoFi’s SoFiUSD, with a $150 million initial coin and plans to scale.
Payton also shared that “Bitcoin has always driven significant volume at BitGo. But Ethereum, Solana and stablecoins are also prominent.” He added: “A significant point we have never discussed publicly is that we are among the 10 largest entities holding Bitcoin globally, with over 470,000 BTC in custody,” making Bitgo one of the largest Bitcoin custodians in the world. BitGo Holdings holds approximately 2,449 BTC as of its most recent public disclosure, ranking BitGo as having the 32nd largest corporate treasury holdings in the world.
Outlook on tokenization
As for the current areas of focus, Payton expressed clear enthusiasm for “tokenization,” a commonly heard but somewhat elusive term in the industry. He framed it as the cryptographic representation of traditional assets — particularly public and private stocks — on blockchain infrastructure.
“We’re excited about the future of tokenization. We think it will provide broader access to a broader range of people in public markets. We’re also looking at tokenizing private companies, traditional equity, not just public.” Payton said, warning that “It has to be done carefully. And safely. We don’t want it to turn into a bubble. It has to be done responsibly.”