Transforming from venture capital to family office.

Binance Labs today announced its official rebranding to YZi Labs, symbolizing a shift in the institution's investment strategy. According to Bloomberg reports, the organization will independently manage the assets of Binance founders Zhao Changpeng and He Yi, transitioning from venture capital to operating in the form of a 'family office.'

According to the official press release, in addition to continuing to drive Web3 innovation, YZi Labs will also expand into the fields of artificial intelligence (AI) and biotechnology, exploring the potential of these frontier areas.

Rebranding is a natural continuation of business development. Over the years, while Binance Labs has leveraged the influence of the Binance brand, it has always operated independently. Now, with Zhao Changpeng (CZ) stepping down from Binance, YZi Labs is also adjusting its brand for independent development.