Billionaire Binance co-founder Changpeng Zhao (CZ) is taking a new step with YZi Labs, the investment firm that manages his personal wealth and assets of Binance’s early executives. With the company now valued at around $10 billion, Zhao plans to open YZi Labs to outside investors.
YZi Labs: A Major Fund Backed by Binance’s Former Executive Team
After leaving Binance in January, Zhao, alongside co-founder Yi He, has been steering investments under YZi Labs. The firm manages not only Zhao’s personal fortune but also funds from Binance’s founding team.
YZi Labs President Ella Zhang commented on the fund’s future:
“There’s always a lot of external interest, and eventually we’ll take advantage of that.”
In the near term, the firm will continue focusing on biotechnology and artificial intelligence (AI).
Strong Portfolio in Crypto and Technology
Based in San Francisco, YZi Labs has supported several notable projects in crypto, AI, and biotech.
- Previously, they raised a $500 million fund to convert a vape company into a BNB treasury firm.
- Approximately 70% of the current capital is invested in digital assets.
These investments demonstrate YZi Labs’ ambition to be a strong player not only in crypto but also in advanced technology sectors.
Zhao Remains Binance’s Largest Shareholder
Despite stepping down as Binance CEO and briefly serving a four-month jail sentence, Zhao retains significant influence as the largest shareholder of Binance. He has been a leading figure in the growth of Binance and the broader crypto ecosystem, with his strategic decisions helping the platform become the world’s largest crypto exchange.
SEC and Regulatory Developments
YZi Labs President Zhang noted that the U.S. Securities and Exchange Commission (SEC) recently requested a private demo from one of YZi Labs’ portfolio companies. Zhang interprets this as a sign of a more crypto-friendly approach under the Trump administration.
The $10 billion fund created by Zhao through YZi Labs is poised to impact not only crypto but also strategic sectors of the future such as biotech and AI. By opening the fund to outside investors, it could attract global capital and accelerate the integration of crypto into traditional finance.
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