CZ–backed YZi Labs invests $100 million into Hash Global’s BNB fund
CZ-backed YZi Labs invested $100 million into Hash Global's BNB fund to support BNB's role in financial infrastructure.Summary
YZi Labs, the investment firm backed by Binance co-founder Changpeng "CZ" Zhao and formerly Binance Labs, has committed $100 million to Hash Global's BNB fund. Ella Zhang, head of YZi Labs, stated that BNB is a foundational utility asset offering attractive yield and invited traditional capital to participate in its growth. Hash Global's BNB fund, launched in June, reportedly returned 32.5% by the end of August. This investment allows institutions to allocate to BNB via an institutional structure and align capital for long-term ecosystem collaboration on the BNB Chain, which boasts over 5 million daily active users. YZi Labs focuses on web3, AI, and biotech, while Hash Global, founded in 2018, is an early validator on the BNB Chain.
(Source：The Block)