Overview

• Head of YZi Labs Ella Zhang told the Financial Times the firm will eventually consider converting into an external-facing fund, but it remains a family office for now.
• YZi Labs, rebranded from Binance Labs in early 2025, manages the wealth of Changpeng Zhao and Yi He and operates with a core team of about a dozen people.
• The portfolio totals roughly $10 billion across early-stage bets, with about 70% in digital assets and growing interest in AI, robotics and biotechnology.
• The group continues to back an existing slate of around 250 projects and has recently fielded pitches from more than 50 prospective investments.
• Commentary in coverage notes that taking money from U.S. investors could invite greater regulatory scrutiny given Zhao’s prior guilty plea and four-month sentence.