Latest news with #YZiLabs
Yahoo
2 days ago
- Business
- Yahoo
Binance Founders' $10 Billion Fund Backs US Crypto Listing Bid
(Bloomberg) -- YZi Labs, the family office of Binance co-founders Changpeng Zhao and Yi He, will back investment firm 10X Capital's plan to set up a publicly traded company in the US to invest in BNB, a token linked to the crypto exchange the pair started. Singer Akon's Failed Futuristic City in Senegal Ends Up a $1 Billion Resort Are Tourists Ruining Europe? How Locals Are Pushing Back Can Americans Just Stop Building New Highways? Why Did Cars Get So Hard to See Out Of? Denver City Hall Takes a Page From NASA YZi Labs, which oversees about $10 billion in assets, will 'support' 10X Capital in establishing the BNB treasury company, 10X Capital said in a statement, without giving further details on the arrangement. YZi Labs said in an email that details on the size of the fundraising 'are not available for disclosure at this time,' while 10X Capital didn't respond to a request for comment. The new entity will be focused 'exclusively' on the BNB Chain ecosystem, the blockchain that supports the BNB token, and 10X Capital will serve as asset manager, the statement said. YZi Labs said the new firm, called BNB Treasury Company, is 'intended to pursue a public listing on a major U.S. stock exchange.' BNB, with a market value of roughly $98 billion, is the fifth-largest digital asset, according to CoinGecko. The token traded little changed at about $670 as of 12:28 p.m. in New York. Treasury accumulation strategies like the one 10X Capital and YZi Labs are pursuing originally focused on Bitcoin, but have in past months started to target smaller cryptocurrencies. A team of crypto hedge fund executives are in advanced talks to raise $100 million for investing in BNB, Bloomberg news reported last month. BNB, which was earlier known as Binance Coin, was created by Binance in 2017 via an initial coin offering. A 2017 white paper for the ICO shows that 80 million tokens were allocated to the company's founding team, which included former CEO Zhao. The money raised through that ICO was used to launch the Binance exchange. (Updates the token price and adds a new headline.) Will Trade War Make South India the Next Manufacturing Hub? Trump's Cuts Are Making Federal Data Disappear 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom For Brazil's Criminals, Coffee Beans Are the Target ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Binance Founders' $10 Billion Fund Backs US Crypto Listing Bid
(Bloomberg) -- YZi Labs, the family office of Binance co-founders Changpeng Zhao and Yi He, will back investment firm 10X Capital's plan to set up a publicly traded company in the US to invest in BNB, a token linked to the crypto exchange the pair started. Singer Akon's Failed Futuristic City in Senegal Ends Up a $1 Billion Resort Are Tourists Ruining Europe? How Locals Are Pushing Back Can Americans Just Stop Building New Highways? Why Did Cars Get So Hard to See Out Of? Denver City Hall Takes a Page From NASA YZi Labs, which oversees about $10 billion in assets, will 'support' 10X Capital in establishing the BNB treasury company, 10X Capital said in a statement, without giving further details on the arrangement. YZi Labs said in an email that details on the size of the fundraising 'are not available for disclosure at this time,' while 10X Capital didn't respond to a request for comment. The new entity will be focused 'exclusively' on the BNB Chain ecosystem, the blockchain that supports the BNB token, and 10X Capital will serve as asset manager, the statement said. YZi Labs said the new firm, called BNB Treasury Company, is 'intended to pursue a public listing on a major U.S. stock exchange.' BNB, with a market value of roughly $98 billion, is the fifth-largest digital asset, according to CoinGecko. The token traded little changed at about $670 as of 12:28 p.m. in New York. Treasury accumulation strategies like the one 10X Capital and YZi Labs are pursuing originally focused on Bitcoin, but have in past months started to target smaller cryptocurrencies. A team of crypto hedge fund executives are in advanced talks to raise $100 million for investing in BNB, Bloomberg news reported last month. BNB, which was earlier known as Binance Coin, was created by Binance in 2017 via an initial coin offering. A 2017 white paper for the ICO shows that 80 million tokens were allocated to the company's founding team, which included former CEO Zhao. The money raised through that ICO was used to launch the Binance exchange. (Updates the token price and adds a new headline.) Will Trade War Make South India the Next Manufacturing Hub? Trump's Cuts Are Making Federal Data Disappear 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom For Brazil's Criminals, Coffee Beans Are the Target ©2025 Bloomberg L.P. Sign in to access your portfolio
Business Insider
2 days ago
- Business
- Business Insider
YZi Labs Invests in Aspecta to Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
Abu Dhabi, UAE, July 10th, 2025, Chainwire Main takeaways YZi Labs has invested in Aspecta, a blockchain infrastructure platform enabling intelligent attestation, price discovery, and lifecycle liquidity for illiquid assets like pre-TGE shares, locked tokens, private equities, RWAs and more. The funding will help Aspecta scale its network, enhance collaborations with major partners, and expand global adoption of its open economy framework for 'alpha assets.' YZi Labs today announced its strategic investment in Aspecta (X: @aspecta_ai), a blockchain infrastructure building the foundation for an open economy around illiquid assets at trillion-dollar scale. This investment highlights YZi Labs' commitment to support fair participation in emerging asset ecosystems through verifiable, on-chain frameworks. Announcement available on via this link. Aspecta addresses a fundamental gap in capital markets: early-stage or locked assets often enter public markets without transparent pricing, creating volatility and mistrust. Its solution includes BuildKey, a framework that standardizes illiquid assets into ERC-20-like credentials allowing open on-chain price discovery, and Build Attestation (Aspecta ID), an AI-powered reputation protocol that helps developers and early projects build trust and signal credibility. Together, these tools enable illiquid assets to be represented, attested, and traded more openly – laying the groundwork for an open, inclusive market for 'alpha assets.' YZi Labs first met the Aspecta team during BNB Chain's MVB Season 7 in March 2024. At the time, Aspecta was scaling Aspecta ID and had become one of the largest platforms supporting developers and early-stage projects; they were also working with Google Developer Group and various L1/L2 chains to grow the builder ecosystem. A standout effort during that period was the launch of the BNB Chain Builder Economy, the first builder-community consensus with productivity tokenization. Fast forward to June 2025, Aspecta has supported over 650,000 users across Aspecta ID and BuildKey, with more than 54,000 GitHub-verified developers and projects onboarded. Its infrastructure underpins open price discovery for 25+ digital assets and facilitated over 50 million asset trades via Buildkey framework. The strategic funding from YZi Labs will help Aspecta deepen integrations with major partners, enabling new avenues for transparent, long-term asset growth. It will also scale its open economy framework and liquidity systems to support more illiquid assets—like private equities and other RWAs—within a permissionless, interoperable network, while advancing global adoption and open price discovery from the earliest stages. 'We believe transparent, on-chain infrastructure for illiquid assets will be fundamental to the next chapter of blockchain adoption,' said Alex Odagiu, Investment Director at YZi Labs. 'Aspecta's vision for permissionless price discovery and lifecycle liquidity aligns with our belief that open, inclusive markets can drive innovation and accessibility.' 'We're thrilled to be backed by YZi Labs to scale the open economy for trillions in illiquid assets,' said Jack He, Co-Founder of Aspecta. 'From pre-TGE shares to post-TGE locked tokens, Web2 private equities, RWAs, and non-standard OTC assets — our goal is to enable these assets to be attested, openly priced, freely traded, and supported from the earliest stages through collective effort.' About YZi Labs YZi Labs manages over $10 billion in assets globally. Our investment philosophy emphasizes impact first—we believe that meaningful returns will naturally follow. We invest in ventures at every stage, prioritizing those with solid fundamentals in Web3, AI, and biotech. YZi Labs' portfolio covers over 300 projects from over 25 countries across six continents. More than 65 of YZi Labs' portfolio companies have gone through our incubation programs. For more information, users can follow YZi Labs on X. About Aspecta Aspecta is a blockchain infrastructure enabling an open economy for illiquid assets at the trillion scale. It facilitates intelligent attestation and unlocks lifecycle liquidity for pre-TGE shares, locked tokens, private equities and RWAs, anchored in global on-chain price discovery. Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions. Contact Brand & PR Manager
Bloomberg
3 days ago
- Business
- Bloomberg
Binance Founders' Family Office Backs BNB Play by 10X Capital
YZi Labs, the family office of Binance co-founders Changpeng Zhao and Yi He, will back investment firm 10X Capital to set up a publicly traded company in the US to invest in BNB, a token linked to the crypto exchange the pair started. YZi Labs, which oversees about $10 billion in assets, will 'support' 10X Capital in establishing the BNB treasury company, 10X Capital said in a statement, without giving further details on the arrangement. YZi Labs and 10X Capital didn't immediately respond to emailed questions.
Finextra
04-07-2025
- Business
- Finextra
YZi Labs joins Digital Asset funding round
YZi Labs today announced its investment in Digital Asset, a platform for enterprise-grade tools to build compliant solutions for regulated markets. 0 This investment builds on Digital Asset's $135M Series E fundraising round announced on June 24, which included participation from major financial institutions such as DRW, Tradeweb, DTCC, Citadel Securities, and Goldman Sachs. By joining this round, YZi Labs reinforces its commitment to advancing institutional adoption through infrastructure that meets the regulatory and operational needs of mature markets like the U.S. Digital Asset is the creator of the Canton Network, the only public L1 network built from the ground up with configurable on-chain privacy. As of June 2025, Canton has supported tokenized real-world assets with a total value locked (TVL) of trillions of dollars, including over $1.5 trillion in monthly tokenized U.S. Treasury repo activity. The network has seen notable growth over the past year with nearly 400 participants across its ecosystem, including global leaders in both traditional and decentralized finance. The blockchain space has long lacked a solution that allows regulated financial institutions to operate on-chain without compromising privacy, control, or compliance. Traditional public blockchains are too transparent for sensitive financial data, while private chains lack interoperability and scalability. By allowing institutions to tailor privacy settings to their specific needs, Canton overcomes the primary barrier to blockchain adoption: the conflict between transparency and financial confidentiality. This funding will allow Digital Asset to expand the Canton Network's infrastructure, onboard new institutions more quickly, and support the composability and interoperability required to bring billions of dollars of real-world assets on-chain. Over the next 12 to 18 months, there will be additional live deployments from major financial players, interoperability between applications across nodes, and a meaningful expansion into new global markets. 'Through this investment, YZi Labs is proud to support the mission of bringing tokenized real-world assets into the financial mainstream, and to contribute to the broader goal of advancing global institutional adoption.' said Ella Zhang, Head of YZi Labs. 'This investment from YZi Labs reinforces the growing demand for blockchain infrastructure that meets the rigorous standards of global financial markets,' said Yuval Rooz, Co-Founder and CEO of Digital Asset. 'Their deep conviction in foundational Web3 infrastructure, global track record in scaling emerging technologies, and expertise in accelerating blockchain adoption make them an ideal partner as we expand Canton's reach. With this new backing, we're advancing our mission to bring trillions of dollars more in real-world assets on-chain, creating a more connected and efficient financial ecosystem."
