YZi Labs announces participation in BitGo's IPO

BlockBeats News, January 23rd, YZi Labs announced its participation in the initial public offering (IPO) of the digital asset custody company BitGo on the New York Stock Exchange, but did not disclose the amount of funds invested.

BitGo is a regulated institution-grade digital asset infrastructure platform in the United States, providing qualified custody and end-to-end services, including staking and stablecoin issuance. Currently, BitGo manages $82 billion in assets, serving over 5,100 institutional clients.

Ella Zhang, head of YZi Labs, stated that BitGo has maintained a secure record free of hacking incidents for ten years, demonstrating the solidity of its technological foundation. YZi Labs will provide the necessary strategic resources to drive BitGo's global growth as a public company.