YZi Labs, the $10B venture capital of Binance’s founders Changpeng “CZ” Zhao and Yi He, is planning to open for external investors, igniting the possibilities of converting it into a public fund. Ella Zhang, head of YZi Labs, stated that various external investors are interested, and it will eventually transform into an external-facing fund.
In 2022 itself, the firm accepted approximately $300 million in external capital, but later returned part of the funding due to the difficulty in the scalability of the funds already in management. Three years later, with the shift in the regulatory landscape and the advancement in scalability, YZi aims to restart the expansion.
As a firm rebranded from Binance Labs, YZi Labs has been focusing on artificial and biotechnology beyond blockchain. However, YZi Labs’ portfolio is primarily filled with crypto projects, including prominent projects such as Ethena Labs, Aptos Labs, Polygon, 1inch Network, Sky Mavis, LayerZero, Mysten Labs, and CertiK.
SEC Requests Private Demo of YZi Labs Portfolio
Ella Zhang told the media recently that the U.S. Securities and Exchange Commission (SEC) has requested a private demonstration of companies backed by YZi Labs. According to blockchain industry observers, the SEC’s inquiry into YZi Labs’ portfolio companies reflects a growing regulatory curiosity and willingness to engage with major crypto investment firms.
The change in the regulatory climate for cryptocurrencies, especially after the arrival of the Trump administration and the appointment of Paul Atkins as SEC chairman, has helped YZi to regain its status as a leading global venture. Also, the cross-border collaboration with global firms navigates towards Trump’s motto of making America the Crypto Capital of the World.
Although the portfolio of YZi Labs is filled with crypto projects, it aims to diversify the assets and balance the fluctuations of crypto with the stability of artificial intelligence and biotechnology. It also supports the B Strategy, a U.S.-based BNB treasury company that plans to offer BNB-backed shares on a major exchange through an IPO, aiming to simplify crypto asset allocation for traditional investors.
About YZi Labs
YZi Labs is one of the largest blockchain-based investors in the world, which manages the fortune of Binance founder Changpeng “CZ” Zhao and his longtime partner Yi He.CZ, who stepped down from the CEO role of Binance after pleading guilty to a US criminal charge over failure to implement Anti-Money Laundering (AML) controls, rebranded Binance Labs into YZi Labs after serving a 4-month prison term. The firm manages over $10 billion in assets globally.
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