Yzi Labs, the family office founded by the co -founder of Binance Changpeng “CZ” Zhao, can be opened to external investors, Financial Times reported Tuesday.
The investment company of $ 10 billion, which was renamed Binance Labs, is open to the possibility of becoming an investment fund, said Yzi Labs Labs Zhang in an interview, according to the report.
“There are always many interested external investors and we will eventually consider turning it into an external fund,” said Zhang.
While YZI naturally has a considerable nous in web3 investments, it is “still early” in the fields of artificial intelligence (AI) And biotechnology, said Zhang.
“We are forming our team, when we have that experience … we will be open to external investors,” he said.
Yzi Labs renamed the arm of the Binance risk capital to the Zhao family office shortly after his release from the prison after a four -month prison sentence for not establishing an adequate knowledge program of his client in Binance.
As part of his guilty statement, he resigned as CEO of Binance and subsequently has focused more his attention on Yzi Labs, which manages Zhao’s money and his co -founder partner of Binance Yi He, also his former partner.
Family offices are not open to external investors, since they manage the wealth of a single family, so there is no money from external sources.
Yzi Labs did not respond to the request for comments from Coindesk.
