YZi Labs Backs BitGo’s $212M IPO as First Crypto Custodian Goes Public

YZi Labs, the $10 billion investment arm formerly known as Binance Labs, has announced its participation in BitGo’s initial public offering. The move marks the first stock market debut by a dedicated crypto custodian on a major U.S. exchange.

https://t.co/RixOKzJ5vp

— YZi Labs (@yzilabs) January 23, 2026

BitGo priced its IPO above the indicated range on January 22, 2026, selling 11.8 million shares at $18 each. The offering raised $212.8 million and valued the Palo Alto-based company at $2.08 billion.

The crypto custody firm exceeded its earlier valuation target of $1.96 billion. BitGo will begin trading on the New York Stock Exchange under the ticker BTGO.

YZi Labs’ participation as a major institutional investor signals its commitment to regulated crypto infrastructure. The firm views U.S.-regulated digital asset platforms as long-term strategic pillars for global capital markets.

BitGo’s Decade-Long Security Record Draws Institutional Confidence

BitGo has maintained a hack-free security record for over ten years. The company now manages assets exceeding $100 billion for institutional clients worldwide.

The platform serves more than 5,100 institutional clients across 100 countries. Its compliance framework spans North America, Europe, the Middle East, and Asia.

Ella Zhang, Head of YZi Labs, praised BitGo’s technical foundation in a statement. She credited CEO Mike Belshe’s background at Netscape and Google Chrome for the company’s security architecture.

BitGo’s regulated, institutional-grade infrastructure has become a critical competitive advantage, we are committed to providing the strategic resources necessary to fuel its next phase of global growth.

Zhang said

Beyond custody services, BitGo supports the full digital asset lifecycle. The company offers staking-as-a-service for secure yield generation.

BitGo also provides stablecoin-as-a-service capabilities. Banks and enterprises can issue compliant, white-label stablecoins through its infrastructure.

CEO Mike Belshe emphasized the company’s mission to deliver absolute trust to the digital asset ecosystem. He described YZi Labs’ investment as a shared commitment to compliant infrastructure.

By combining BitGo’s no-compromises approach to security technology with Binance and BNB ecosystem’s global market reach, we are setting the standard

Belshe stated.

YZi Labs Expands Web3 Infrastructure Portfolio

The BitGo investment follows YZi Labs’ recent backing of Genius, a professional trading terminal. That deal, announced on January 13, 2026, includes Binance founder Changpeng Zhao as an advisor.

https://t.co/KTkgvIpqIO

— YZi Labs (@yzilabs) January 13, 2026

Genius operates as a private interface for on-chain execution across multiple blockchain networks. The platform consolidates trading across BNB Chain, Solana, Ethereum, and six additional networks.

YZi Labs focuses on Web3, artificial intelligence, and biotechnology investments. The firm’s portfolio strategy targets infrastructure combining centralized exchange capabilities with decentralized principles.

The Genius investment addresses what the platform calls the “transparency bug” in decentralized trading. Large position movements often alert markets, causing traders to lose competitive advantages.

Meanwhile, decentralized exchange volume continues gaining ground against centralized venues. Professional traders increasingly seek privacy and execution speed without sacrificing user ownership.

BitGo’s IPO attracted strong investor demand despite recent cryptocurrency market turbulence. The successful pricing above the indicated range signals institutional appetite for regulated crypto infrastructure.

The offering represents a milestone for the digital asset industry’s maturation. BitGo becomes the first dedicated crypto custodian to complete a U.S. stock exchange listing in 2026.

YZi Labs’ dual investments in BitGo and Genius position the firm across custody and trading infrastructure. Both deals reinforce the fund’s thesis on supporting compliant, institutional-grade digital asset services.