Binance Labs, the venture capital arm of Binance, is undergoing significant changes as it rebrands to YZi Labs. This transformation includes Changpeng Zhao (CZ), the former CEO of Binance, taking a more active role in investment decisions. The rebranding signifies a shift towards a family office structure for CZ and Binance co-founder Yi He. This change comes on the heels of CZ's four-month prison sentence and subsequent stepping down from leadership at Binance following a guilty plea in the U.S. It's reported that the pivot to YZi Labs is intent on focusing more closely on the investment strategy of this newly formed family office, reflecting a more personal approach to investments by its key figures.

Source 🔗