24.01.2025 11:21
Changpeng "CZ" Zhao, the founder and former CEO of Binance, is preparing to take an active role in investment activities at YZi Labs after serving four months in prison due to money laundering charges in the United States. YZi Labs, rebranded from Binance Labs, will expand its investment focus beyond cryptocurrency to also include the artificial intelligence and biotech sectors.
The new position of CZ, one of the leading figures in the cryptocurrency world, at YZi Labs is a significant part of the company's strategic transformation. Zhang announced that YZi Labs, inspired by the names of Binance's co-founders, is now entirely a family office investment vehicle.
The Binance Labs Team Gathers Under the YZi Labs Roof
YZi Labs is taking its investment strategy beyond blockchain and crypto assets. The company plans to explore opportunities in the artificial intelligence and biotech sectors. This transformation is based on the successful history of Binance Labs.
As one of the leading investors in the crypto ecosystem, Binance Labs has invested in projects such as CertiK, Dune Analytics, Elrond, Injective, Nym, and Polygon. In his new role, CZ will provide investment advice and guidance to ventures.
Returning to the presidency of YZi Labs, Ella Zhang emphasized that while the company remains committed to Web3 innovation in the new era, it will diversify its investment portfolio. The company has operated independently while benefiting from the Binance brand for years.