YZi Labs Backs BitGo IPO as Crypto Infrastructure Gains Institutional Momentum

Changpeng Zhao–backed investment firm YZi Labs has announced a strategic investment in BitGo following the crypto custody company’s successful initial public offering on the New York Stock Exchange. Formerly known as Binance Labs, YZi Labs confirmed that it participated as an investor in the BitGo IPO, reinforcing growing institutional demand for regulated and secure digital asset infrastructure.

In an official post shared on X, YZi Labs highlighted its confidence in BitGo’s long-term vision and role in the evolving digital finance ecosystem. The investment firm emphasized that companies prioritizing compliance, security, and institutional-grade services are becoming foundational pillars as the crypto industry matures. By backing BitGo’s public debut, YZi Labs is signaling strong support for regulated crypto custody and financial services platforms.

Ella Zhang, head of YZi Labs, noted that BitGo’s decade-long, hack-free security track record demonstrates the strength of its technical and operational foundations. She added that with approximately $82 billion in assets under protection, BitGo has positioned itself as a cornerstone of institutional crypto infrastructure. According to Zhang, BitGo’s regulated framework and expanding service offerings give it a competitive edge as global adoption of digital assets accelerates.

Beyond custody, BitGo provides staking solutions, stablecoin tools, and a broad range of digital asset services, further solidifying its presence in the global crypto market. These capabilities were cited by YZi Labs as key factors behind its strategic investment decision.

BitGo’s IPO performance has drawn significant attention across financial markets. The company priced its offering above expectations, raising $212.8 million by selling 11.8 million shares at $18 each, surpassing the initial $15–$17 range. This marked the first major digital asset firm to go public in 2026. Shares surged nearly 25% during their NYSE debut under the ticker BTGO, opening at $22.43 before settling at $18.49. As of the latest update, the stock remains up 2.72%.

BitGo CEO Mike Belshe stated that the NYSE listing represents a milestone in the company’s mission to deliver trust and security to the digital asset ecosystem. He described YZi Labs’ participation as a shared commitment to compliant, institutional-grade crypto infrastructure, combining BitGo’s security-first approach with the global reach of the Binance and BNB ecosystem.