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Cryptocurrency asset custody service provider BitGo has officially submitted an IPO application to the U.S. Securities and Exchange Commission. According to the prospectus, the company plans to issue 11.8 million common shares, with an estimated maximum fundraising of $201 million, and the stock ticker symbol "BTGO," aiming to list on the New York Stock Exchange. This IPO is jointly underwritten by Goldman Sachs and Citigroup. This is the latest move by leading companies in the crypto custody sector to expand financing channels and accelerate compliance processes.