Binance Labs Rebrands as YZi Labs, Expands Focus Beyond Crypto

On January 23, Binance Labs announced its rebranding to YZi Labs, signaling a significant shift in its operations and vision. This transformation reflects its expanded investment focus, including Web3, artificial intelligence (AI), and biotechnology, while retaining its commitment to blockchain innovation. The rebrand also aligns with Binance co-founder Changpeng Zhao’s (CZ) recent departure from Binance and his broader strategic goals.

Leadership and New Directions

Ella Zhang, who previously led Binance Labs from its inception in 2018, has returned to head YZi Labs. Zhang, instrumental in supporting projects like Polygon and CertiK during her previous tenure, aims to steer the organization into its next growth phase. CZ will remain actively involved, offering mentorship and playing a pivotal role in investment decisions, leveraging his extensive network and experience in the industry.

Investment Focus and Operations

YZi Labs, now structured as an independent entity, manages approximately $10 billion in crypto-related assets. The firm plans to expand its team and invest in ventures ranging from $500,000 to $50 million. Notably, YZi Labs is venturing beyond cryptocurrency by targeting transformative sectors like AI and biotech, seeking innovations at their intersections with Web3.

Legacy and Future Outlook

Originally part of Binance, the venture arm spun off in 2024 and has since operated independently. YZi Labs will continue supporting its existing portfolio and incubation programs, including a refined 12-week residency for Web3 startups. With the rebrand, YZi Labs positions itself as a leader in integrating blockchain with emerging technologies, driving long-term innovation and impact.