Binance co-founder Changpeng Zhao aims to open YZi Labs's $10bn portfolio to outside investors. The firm is open to the possibility of converting into an investment fund.

Binance co-founder Changpeng “CZ” Zhao’s family office YZi Labs, which oversees around $10 billion in assets, has been exploring how to professionalize and broaden access to its portfolio beyond Zhao’s personal wealth, according to reporting by the Financial Times. Originally created as Binance Labs, the venture arm of Binance, YZi Labs was restructured into an independent single-family office managing Zhao’s and Binance co-founder Yi He’s crypto-related wealth and strategic investments. The portfolio spans early-stage Web3, AI, and biotech ventures, reflecting Zhao’s attempts to position his capital as a long-term, multi-sector investor rather than a purely exchange-linked vehicle. The FT report said YZi Labs had considered opening its portfolio to outside investors and potentially converting into an investment fund, which would mark a shift from a private family office to a more traditional fund structure and could give institutional capital direct exposure to Zhao-linked deal flow. However, in October 2025, YZi Labs publicly pushed back on that characterization in an announcement of its new $1 billion “Builder Fund” for BNB Chain, explicitly stating that all current capital comes from internal sources and that it is “not raising external funds for the time being.” The episode highlights both the scale and influence of Zhao’s private investment vehicle and ongoing market interest in whether one of crypto’s largest personal portfolios will eventually be opened to third-party investors.

✨ AI-generated background, compiled from web sources — not editorial content.

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