TLDR

BitGo’s IPO jumps 2.7%, raising $213M and valuing the firm at $2B.
YZi Labs backs BitGo, boosting confidence in regulated crypto custody.
Shares surged to $24.5 before settling higher at $18.49 on debut.
BitGo holds $90B in assets, serving institutions and over one million users.
Crypto IPO momentum builds as Circle, Gemini, and Bullish follow suit.

BitGo entered the public market with strong activity as its NYSE debut marked a key moment for regulated crypto firms. The company priced its IPO at $18 and completed a mixed-share sale that produced solid early demand. Moreover, BitGo advanced its strategic plans as YZi Labs confirmed support during the offering.

BitGo IPO Marks a Major Step for Regulated Crypto Custody

BitGo listed under the ticker BTGO and moved through a volatile session that featured a rapid intraday surge. The stock opened at $18 and climbed to $24.5 before sliding toward a modest closing gain. However, BitGo still finished its first session at $18.49, which represented a 2.7% rise from the offer price.

BitGo issued 11.8 million Class A shares and used the sale to strengthen its capital base. The company raised about $212.8 million and secured a valuation of $2 billion at the close. Furthermore, underwriters received an option to buy an extra 1.77 million shares within 30 days.

BitGo reported strong operational scale before the offering, and the company highlighted broad demand for secure asset storage. It held around $90 billion in customer assets last September and maintained a large institutional network. The custodian also supported more than one million end users across its platforms.

YZi Labs Expands Its Reach With a Strategic Bet on BitGo

YZi Labs entered the IPO as a new backer and reinforced BitGo’s push for regulated infrastructure. The firm, linked to former Binance leadership, aims to position itself within the shifting U.S. crypto landscape. Additionally, YZi Labs described BitGo’s long security track record as a key reason for its move.

BitGo strengthened its industry ties through this new alliance as both parties targeted expansion during a period of increased listings. The custodian said the added support aligned with its plan to serve growing demand for compliant digital asset services. Moreover, BitGo viewed the partnership as a sign of trust in its operational model.

The firm continues to build a strong presence in markets that require secure and regulated custody. BitGo already manages assets for thousands of organizations that rely on trust-chartered storage. The new backing aims to deepen that footprint and support the expansion of wider digital asset access.

U.S. Crypto Listings Multiply as Market Conditions Shift

Several crypto companies moved onto public markets in the past year and created a pipeline for additional issuers. The environment changed under new federal leadership as agencies reduced pressure on major digital asset firms. BitGo’s debut forms part of a wave that now includes Circle, Gemini and Bullish.

The broader sector expects more listings as firms attempt to capture a supportive regulatory outlook. Exchanges, software companies, and custody providers are planning offerings through 2026 as demand for structured access grows. Kraken and Consensys are evaluating possible listings early in the year while Ledger prepares a late-2026 deal.

This shift marks an important phase in the integration of digital asset companies into traditional capital markets. BitGo remains central to this change because it anchors a critical part of the infrastructure. Therefore, the firm’s debut signals continued momentum for regulated crypto participation across public exchanges.

 

The post CZ-Linked YZi Labs Backs BitGo IPO as U.S. Crypto Listings Accelerate in 2026 appeared first on CoinCentral.

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Filed under: News - @ January 23, 2026 8:19 am