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YZi Labs co-invests in BitGo's NYSE IPO, this custody giant manages assets exceeding $82 billion
【Blockchain Rhythm】A major event worth paying attention to—YZi Labs announces participation in BitGo's IPO on the New York Stock Exchange, although the specific amount has not been disclosed.
You might not be very familiar with BitGo; it is a regulated institutional-grade digital asset infrastructure platform in the United States. In simple terms, it helps institutional clients securely custody digital assets and also offers services such as staking and stablecoin issuance. Its scale is quite significant—managing assets worth $82 billion and serving over 5,100 institutional clients.
Ella Zhang, the head of YZi Labs, mentioned a detail: BitGo has not been hacked in the past ten years, which shows their technical defenses are indeed solid. After this investment, YZi Labs plans to provide strategic resources to help BitGo accelerate growth in the global market.