Overview

• Changpeng Zhao stated on X that YZi Labs is not raising an external fund and has prepared no pitch deck or investor demo.
• The Financial Times had quoted YZi head Ella Zhang as saying the firm could "eventually" open to outside investors, a portrayal Zhao rejects.
• YZi Labs leadership also refuted the story, saying there has been no fundraising, no deck and no demo, and no plan to raise limited‑partner money.
• Zhao disputed claims of regulatory engagement, saying there were no communications with Paul Atkins, and he emphasized YZi operates independently of Binance.
• YZi manages roughly $10 billion across more than 230 portfolio companies, and a trade outlet reported the firm recently doubled its position in Ethena’s USDe stablecoin.