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YZi Labs Backs BitGo IPO as Crypto Custodian Debuts on NYSE

Changpeng Zhao’s investment arm joined BitGo’s public offering as the custody firm began trading on the New York Stock Exchange.

Jan 23, 20268:35 AMNewsroom AI

YZi Labs, the investment vehicle associated with Changpeng Zhao, announced it invested in BitGo’s initial public offering as the crypto custodian launched on the New York Stock Exchange [1][2].

Coverage of the listing noted BitGo’s NYSE debut was met with strong market interest, with reports of a roughly 25% post-IPO share increase and the company cited as overseeing about $82 billion in assets under custody; YZi Labs confirmed its participation in the offering via a public post [3][4][2].

Observers characterized the investment as part of growing institutional demand for regulated digital-asset custody and as reinforcing infrastructure for institutional access to crypto services [1][3].

YZi Labs’ stake in BitGo’s IPO follows the company’s NYSE listing and was reported as a strategic vote of confidence in regulated custody providers [2][1].

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