CZ’s $10B crypto fund YZi Labs ‘may’ open to external investors
CZ’s $10 billion fund, YZi Labs, is exploring external capital amid increasing investor demand and a more open regulatory stance under the Trump administration.
Changpeng “CZ” Zhao’s $10 billion investment firm YZi Labs is weighing plans to open the fund to outside capital and external investors.
YZi Labs manages Zhao’s personal fortune and funds from a few early Binance insiders, including co-founder Yi He. The fund accepted about $300 million in outside funding in 2022, but later returned part of it, citing the overwhelming scale of capital already under management.
“There’s always a lot of external investors interested,” Ella Zhang, who heads the fund, told the Financial Times. “We will eventually consider turning it into an external-facing fund. We just think it’s not there yet.”