$BTGO

World Liberty Trust Co. received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency to become a national trust bank, according to the original report. If it completes preopening requirements, it would replace BitGo as exclusive issuer and custodian of World Liberty Financial’s $USD1 stablecoin for institutional clients and offer digital asset custody services.

According to Token Terminal data, the real-world asset (RWA) issuer market totaled $26.6B across 21 projects as of Aug 15. BitGo led with 27.5% share and about $7.3B issuer TVL, followed by Securitize (14.9%, $4.0B), Ondo Finance (13.4%, $3.6B) and BlackRock (10.3%, $2.7B). Ethereum accounted for $15.1B (56.6%) of RWA TVL.

Mizuho Securities cut its BitGo Holdings price target to $11 from $14 and kept an Outperform rating, citing delays to the US Digital Asset Market Clarity Act and weaker crypto conditions. BitGo’s stock fell after its Jan 2026 IPO at $18. Mizuho forecasts BitGo net revenue down about 20% in 2026-2027.

Mizuho analysts cut BitGo (BTGO) price target to $11 from $14 while keeping an Outperform rating, citing 27% YoY growth in customer base and higher recurring revenue. They argue delays to the Clarity Act could extend BitGo’s regulatory head start. BitGo reported Q2 revenue of $4.33B (+79.6% YoY) and a $19M net loss.

Mizuho Securities cut its BitGo (BTGO) price target to $11 from $14 but kept an Outperform rating, citing a revised view of US crypto regulatory dynamics. The change is linked to expectations around the proposed Clarity Act, where a potential delay could preserve BitGo’s compliance advantage, according to Mizuho and The Block.

Mizuho lowered its price target on BitGo, a Nasdaq-listed crypto custody firm, to $11 from $14 while keeping an Outperform rating. Mizuho said BitGo could maintain a regulatory advantage if the CLARITY Act is delayed, which may support the company’s outlook.

Bitgo reported Q2 revenue of $4.33B, up 79.6% year over year and 14.7% from Q1, driven mainly by about $4.2B from digital asset sales. Despite revenue growth, it posted a $19M net loss, including $18.8M unrealized digital-asset losses. Stablecoin-as-a-Service revenue rose 148% to $38.8M.

BitGo said, according to Adam Sporn, institutional discussions have shifted toward tokenization. It cited a July 15 DTC Tokenization live production run where BitGo technology supported many tokenized trades, and noted regulated custody infrastructure for DTCC tokenized securities. Ahead of BTGO Q2 results, shares rose about 5.2%. Client numbers rose 26.2% to 5,833 and normalized assets to $65.2B.

BitGo Holdings (BTGO) reported Q2 2026 results, saying revenue rose 14.7% sequentially and 79.6% year over year. The company attributed weaker profitability to lower margins and an unfavorable revenue mix amid a contracted crypto market. It also cited growth in assets on platform and staked assets, with cost-saving efforts and AI investments expected to support improved Q3 results.

BitGo (NYSE:BTGO) reported Q2 2026 revenue of $4.329B, up 79.6% year over year, but adjusted EBITDA stayed negative with a $4.2M loss. Net loss was $19.0M. Normalized assets on platform rose to $65.2B and client count to 5,833. Revenue growth was offset by margin compression in digital asset sales and staking.