On Thursday, YZi Labs invested in the first public offering of BitGo, which became publicly traded on the New York Stock Exchange under the BTGO ticker. The company claimed its involvement indicates the increased institutional demand for regulated digital asset infrastructure. The investment aligns with one of the most closely watched crypto listings of 2026.
YZi Labs affirmed its participation in the IPO by issuing an announcement on Thursday. The company did not reveal the extent of investment. It asserted that it joined the offering as an institutional strategic partner.
BitGo ended its first trading day at the close of the day at $18.49. The stock rose by 2.72% at the end of the day. It began trading at $22.43 and then retreated in afternoon trade.
The debut brought much early attention to the NYSE. Stocks surged almost 25% in the first half of the day. After that, they reached a consensus on the offering price with broader market adjustments.
BitGo priced its IPO the day before the listings. The company sold 11.8 million shares, raising $212.8 million. The IPO was priced higher at $18 per share, exceeding the expected price range of $15 to $17.
The listing is the earliest public issuance by a digital asset company in 2026. It is a big step for regulated crypto firms to join mainstream equity markets. It also is an indication of a new institutional interest in compliance-based custody providers.
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In the filing, BitGo described the extent of its operation. The business safeguards about 82 billion digital assets on its platform. It is also a provider of more than 5,100 institutional customers in over 100 countries.
The company is currently growing trust, custodial, and stable coin activities. It makes these services its regulated trust products. It highlights the necessity of safe systems as virtual assets become available to higher financial institutions.
Ella Zhang, head of YZi Labs, commented on the cooperation. She cited the technical leadership of BitGo CEO Mike Belshe as a source of industry confidence. She noted his experience in building secure digital systems.
According to YZi labs, BitGo was chosen based on the trust charter and its long history of security. The company added that BitGo had existed for over 10 years without a reported breach. It has referred to this track record as a major distinguishing feature on the institutional custody market.
YZi Labs’s investment supports BitGo’s public launch. It represents the wider institutional involvement in controlled crypto services. It also indicates the increased role of custody providers as digital assets become accessible in the public markets.
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