CZ and Binance Support BitGo with YZi Labs $10 Billion Investment

YZi Labs, the $10 billion venture arm led by Changpeng Zhao (CZ Binance), has made a strategic investment in BitGo as the digital asset custodian completed its initial public offering on the New York Stock Exchange under the ticker BTGO. The move signals strong confidence in regulated crypto infrastructure at a time when institutional participation in digital assets continues to grow steadily. BitGo raised $212.8 million by pricing shares at $18, reaching a $2 billion valuation and seeing its stock rise 36 percent on the first day of trading, marking the first significant crypto-related IPO of 2026.

The investment highlights the increasing importance of compliant custody solutions following industry challenges in recent years. BitGo now manages $82 billion in assets for more than 5,100 institutional clients across 100 countries, providing services that include multi-chain wallets, staking, and stablecoin issuance. Its regulated trust structure and global compliance framework have positioned it as a trusted partner for banks, exchanges, and large investors entering the digital asset space.

Leadership Views on the Partnership

Ella Zhang, Head of YZi Labs, emphasized BitGo’s long-term value in the maturing digital asset industry. She highlighted the company’s decade-long hack-free security record and the technical expertise of CEO Mike Belshe, an early contributor to both Bitcoin and foundational internet technologies at Netscape and Google Chrome. Zhang described BitGo’s $82 billion in assets on platform as a cornerstone of the sector and affirmed YZi Labs’ commitment to supporting its growth as a public company.

Mike Belshe, BitGo’s CEO, welcomed the investment as a shared dedication to building trust in digital assets. He noted that combining BitGo’s security-focused technology with the global reach of Binance and the BNB ecosystem will help set new standards for institutional capital entering the space. Belshe reiterated that the company’s core mission remains delivering uncompromising security and compliance throughout the full digital asset lifecycle.