- Binance Labs rebrands to YZi Labs to focus on Web3, AI, and biotech investments.
- Ella Zhang returns as YZi Labs Head to drive growth and support innovative founders.
- YZi Labs manages $10B in assets, expanding into wealth management and emerging technologies.
The former Binance Labs entity has rebranded into YZi Labs to work independently from Binance operations. The organization announced restructuring to pursue investment possibilities within artificial intelligence (AI) and biotechnology alongside Web3 advancement under a new name.
The firm emphasized that it has been functioning independently for years despite leveraging the Binance brand name. YZi Labs explained that the decision to rebrand followed Changpeng Zhao’s (CZ) resignation as Binance’s CEO. CZ will continue to play an active role in YZi Labs’ activities, mentoring founders and engaging in investment decisions. The company described his involvement as vital to driving innovation and providing strategic guidance to its portfolio projects.
Ella Zhang, who co-launched Binance Labs with CZ in 2018, will return as the head of YZi Labs. Zhang led the first three batches of the firm’s Incubation Program, supporting over 40 startups, including Polygon, CertiK, and Injective Protocol. She expressed confidence in continuing to support visionary founders while expanding the firm’s investment focus. Zhang described the rebrand as a move to push the boundaries of innovation and create value for society.
YZi Labs plans to manage $10 billion in crypto-related assets while transitioning into a wealth management entity. The company will function as an investment vehicle for Binance co-founder He Yi. It also aims to refine its Incubation Program and reintroduce in-person experiences through a 12-week residency to foster collaboration and growth.
Related: Binance.US to Resume USD Services in 2025 Amid Regulatory Push
In addition to its continued focus on Web3 innovation, YZi Labs will expand its workforce to include artificial intelligence experts and specialists in biotechnology. According to the company’s announcement, all ongoing portfolio initiatives will maintain their existing support levels and the BNB Chain MVB initiative, which stands for Most Valuable Builder will remain unchanged, despite the name change.
YZi Labs has already made significant investments in prominent projects like Sky Mavis, LayerZero, Aptos Labs, and the Sandbox. Its assets, largely comprised of tokens issued by its investments, are reportedly worth over $10 billion on paper. The rebrand positions the firm to broaden its horizons and continue its role as a leader in the venture capital industry.
