Jan. 28 at 9:30 AM
$CFND C1 Fund Inc. (NYSE:CFND) today announced that BitGo, a portfolio company of C1 Fund, has completed its successful IPO. The listing marks C1 Fund's first portfolio company exit less than six months after the fund's own IPO.
BitGo is a leading provider of institutional digital asset custody and infrastructure services, supporting secure storage, compliance and settlement for financial institutions operating in the digital asset ecosystem with a valuation exceeding
$2 billion. It boasts over
$104 billion in assets on its platform, 9.3 million+ wallets created and is a top custodian and staking provider. The firm raised
$212.8 million in its IPO.
"From an investment perspective, BitGo exemplifies the type of business we seek to back – one with strong institutional adoption, a critical role in market infrastructure and a clear path to operating within regulated financial markets," said Elliot Han, Chief Investment Officer of C1 Fund. "This reflects our focus on late-stage private
