Former Binance Labs Makes First Investment Following Zhao's Return: Report
2025-06-23 14:36:16
Description
YZi Labs, the rebranded venture capital arm of crypto exchange Binance, made its first investment following founder Changpeng "CZ" Zhao's release from prison, Fortune reported on Wednesday . The company formerly known as Binance Labs led a $16 million funding round into Sign, a startup that seeks to simplify token distribution and bring verification of credentials on-chain, according to the report. “Proper distribution builds trust, and verification is an essential part of it. As more people mov...
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