YZi Labs invests in BitGo’s IPO as the custodian debuts on the NYSE

BitGo’s listing drew significant attention. On its first trading day, shares under the BTGO ticker opened higher, later corrected, but ultimately closed up 2.72%.

BitGo remains one of the largest custodial service providers in the digital asset industry. The company serves more than 5,100 institutional clients across over 100 countries and safeguards roughly $82 billion in digital assets. Beyond custody, BitGo offers staking services and infrastructure for issuing stablecoins.

YZi Labs noted that the shift of institutional capital into digital assets makes regulated crypto infrastructure critically important. The firm emphasized BitGo’s “regulated trust structure” and long record of operational security.

Ella Zhang, head of YZi Labs, said BitGo has maintained more than a decade-long record without security breaches – a result of the engineering foundation built by CEO Mike Belshe, previously involved in developing Netscape and Google Chrome. She said that this expertise sets the standard required for the institutional digital-asset market.

Belshe commented that YZi Labs’ participation represents more than an investment – it reflects a shared vision for a future crypto industry built on “compliant, institutional-grade infrastructure.” He added that the combination of BitGo’s technology and the global reach of the Binance/BNB ecosystem creates a new model for attracting capital into the sector.

BitGo’s public debut stands as one of the most significant intersections of crypto and traditional markets in 2026. Investors view the custodian’s successful listing as a sign of strengthening demand for security infrastructure in digital assets – especially amid growing institutional participation.

YZi Labs’ investment, in turn, may deepen the connection between crypto exchange ecosystems and the public markets, creating a new layer of integration between the two financial segments.