Meet the "strongest family office" in the crypto world: YZi Labs under Zhao Changpeng, with a scale of $10 billion.

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YZi Labs, under Zhao Changpeng, is considering opening up to external investors. The company has a scale of $10 billion, with crypto assets accounting for 70% of its investment portfolio. AI and biotechnology have become new focal points.

On Tuesday, according to the UK's Financial Times, YZi Labs, the investment company under Binance co-founder Zhao Changpeng, is considering opening up to external investors. The company manages an investment portfolio worth $10 billion and has become one of the largest cryptocurrency investment institutions in the world.

YZi Labs was spun off from Binance and began operating independently in January this year, currently mainly managing funds for Zhao Changpeng and a few early Binance executives. Ella Zhang, head of YZi Labs, said in a media interview that the company will eventually consider transforming into a fund for external investors. However, it is still in the early stages of exploring the artificial intelligence and biotechnology fields and is assembling a professional team.

Zhang revealed that YZi Labs accepted about $300 million in external investment in 2022, but later partially returned the funds. She emphasized that since the scale of funds managed by the company is already very large and it adopts an ultra-long-term investment strategy, it is difficult to meet the expected short-term returns of external investors. If YZi Labs decides to accept investors in the future, it may face stricter regulatory scrutiny.

Investment Portfolio: Crypto Assets Account for 70%, AI and Biotech Became New Focus

In YZi Labs' investment portfolio, digital asset investments account for about 70%, but interest in artificial intelligence and robotics is growing. Zhang stated that Zhao Changpeng's vision is that robotics will help humans handle various tasks, and these transactions will be completed through crypto wallets.

According to Zhang, deploying $10 billion in funds is a huge challenge. She said:

The challenge is how to deploy funds. It is really hard to find enough high-quality assets that meet our standards.

This 12-person team adopts an "ultra-long-term" investment approach. Zhang added:

Unlike other venture capital companies, we don't calculate investment return multiples every year. Most of the projects that the company invests in are not eager to exit, which is also one of the reasons for partially returning external funds.

Deploying Crypto “Treasury Companies,” Leading Emerging Investment Trends

Recently, YZi Labs has focused investment on several so-called crypto "treasury companies" that purchase tokens through public fundraising. The company is supporting a $1 billion deal involving a bitcoin mining machine manufacturer, and in July led a $500 million funding round that transformed a Nasdaq-listed e-cigarette manufacturer into a BNB treasury company.

Zhang revealed that during this summer's financing boom, YZi Labs received investment proposals from "over 50 teams" hoping to make large token purchases. This trend reflects the rapidly growing demand for crypto allocations among institutional investors.

The company maintains a cautiously optimistic attitude toward such investment opportunities, focusing on projects with long-term value rather than short-term speculative investments.

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