FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Tzar Kai Richard Li		 2. Issuer Name and Ticker or Trading Symbol

Bridgetown 2 Holdings Ltd [ BTNB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O BRIDGETOWN 2 HOLDINGS LIMITED, 38/F CHAMPION TOWER, 3 GARDEN ROAD		 3. Date of Earliest Transaction (MM/DD/YYYY)

1/28/2021
(Street)

CENTRAL, HONG KONG, K3 00000
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Ordinary Shares, par value $0.0001 per share (1)(2)1/28/2021  J(1)  3650000 A$10 3650000 (1)I (2)See Footnote 
Class A Ordinary Shares, par value $0.0001 per share (1)(2)1/28/2021  J(1)  3250000 A$10 3250000 I (3)See Footnote 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
(1) Represents Class A ordinary shares purchased in connection with the issuer's initial public offering. Does not include 6,208,662 shares of Class B ordinary shares previously reported on a Form 3, which shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and has no expiration date.
(2) Represents 3,650,000 Class A ordinary shares held by FWD Life Insurance Public Company Limited. Richard Li, by virtue of his indirect majority ownership of FWD Group Limited, an indirect majority parent of FWD Life Insurance Public Company Limited, may be deemed to beneficially own shares held by this entity.
(3) Represents 3,250,000 Class A ordinary shares held by FWD Fuji Life Insurance Company Limited. Richard Li, by virtue of his indirect majority ownership of FWD Group Limited, an indirect majority parent of FWD Fuji Life Insurance Company Limited, may be deemed to beneficially own shares held by this entity.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Tzar Kai Richard Li
C/O BRIDGETOWN 2 HOLDINGS LIMITED
38/F CHAMPION TOWER, 3 GARDEN ROAD
CENTRAL, HONG KONG, K3 00000
X
Signatures
/s/ Tzar Kai Richard Li2/1/2021
**Signature of Reporting PersonDate
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