YZi Labs Opens Door to External Investors While Expanding AI and Biotech Teams

Key Highlights YZi Labs plans to attract outside investors after building AI and biotech teams Managing $10B+ in crypto is challenging requiring strategic asset selection Company previously raised $300M and is cautious with institutional growth YZi Labs Opens Door to Future Investors While Expanding AI and Biotech Teams YZi Labs formerly Binance Labs and affiliated with Binance co-founder Changpeng Zhao is preparing to attract outside investors in the future

CEO Ella Zhang told the Financial ￰0￱ company is currently focusing on building expertise in new sectors including artificial intelligence and biotechnology before officially opening its fund. ”There's always a lot of external investors interested and we will eventually consider turning it into an external-facing ￰1￱ just think it's not there yet,” Zhang ￰2￱ a cryptocurrency fund of $10 billion or more is no small task

Zhang added. ”CZ told me 'Your job is to invest.' Finding enough assets that meet our criteria is very difficult,” she ￰3￱ Institutional Interest and Strategic Caution YZi Labs previously raised approximately $300 million in third-party funding in 2022 although some of it was returned because ”the funds were already huge,” according to ￰4￱ FT noted that attracting American investors would bring scrutiny from US ￰5￱ now the 12-person team is investing long-term and cautiously while building teams in strategic ￰6￱ emphasized the responsibility involved in managing such a significant crypto ￰7￱ Ahead Previously

YZi Labs partnered with 10X Capital to form a company investing in BNB further demonstrating its commitment to high-profile strategic ￰8￱ company’s careful structured approach signals a promising future for both institutional and individual investors.