The largest cryptocurrency exchange, Binance, a blockchain ecosystem, has named Yi He as the new director of Binance Labs, its venture capital (VC) arm and incubator.

As a founding team member, Yi has been actively involved in Labs since its inception. It has been instrumental in identifying early-stage projects and founders with the vision and drive to disrupt those international institutions that no longer effectively serve society, according to CZ (Changpeng Zhao), CEO of Binance.

According to a <a href="https://www.prnewswire.com/news-releases/co-founder-yi-he-to-lead-binances-7-5b-venture-capital-arm-301598732.html" target="_blank" rel="nofollow noopener">news release</a>, Binance Labs, which specializes in early-stage investments, manages $7.5 billion in total assets across more than 200 portfolio projects. Portfolio firms include the security company CertiK, the cryptocurrency exchange FTX, and the Ethereum sidechain <a href="https://www.cryptoknowmics.com/news/muse-announces-next-album-on-polygon-based-nft-platform-serenade/" target="_blank" rel="noopener">Polygon</a>.
<h2>Yi He Joined Binance in 2017</h2>
Yi, who joined Binance right before its 2017 launch, will be in charge of Binance Labs' daily operations and global strategy, emphasizing advancing infrastructure initiatives and enhancing utility in cryptocurrency and blockchain projects. She will continue her work with the parent company, including institutional businesses, marketing, Binance P2P, and Earn.

The team recently closed a $500 million investment fund with involvement from international institutional investors like DST Global Partners and Breyer Capital. Ultiverse and pStake are two of the most recent portfolio firms and significant initiatives. Yi will lead global strategy and the day-to-day operations at Binance Labs. Her focus will include advancing the utility of cutting-edge blockchain and cryptocurrency projects and assisting infrastructure projects.

Co-Founder Yi He To Lead $7.5B Venture Capital Arm of Binance

The largest cryptocurrency exchange, Binance has named Yi He as the new director of Binance labs, its venture capital (VC) arm and incubator.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Co-Founder Yi He To Lead $7.5B Venture Capital Arm of Binance

Top Picks