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BitGo is aiming for a valuation of up to $1.96 billion in its upcoming IPO, looking to raise $201 million by selling shares priced between $15 and $17. The move comes as the IPO market shows signs of recovery, with increased interest from institutional investors in digital assets.
Ripple has chosen BNY Mellon to serve as the custodian for its USD reserves. This partnership aims to enhance Ripple's operational efficiency and secure its financial assets as the company continues to expand its services in the digital currency space.