by BSC News
August 9, 2022
Binance appoints Co-Founder He to head its venture capital and incubation division.
Leading crypto exchange Binance has appointed Co-Founder He Yi as the head of Binance Labs, its venture capital and incubation division. With this new appointment, 36-year-old He will be responsible for Binance Labs’ global strategy and day-to-day operations. Binance Labs currently manages about $7.5 billion in total assets, making it the largest crypto-asset venture capital firm in the industry.
On the first of June, Binance Labs closed a $500 million investment fund with partners including Breyer Capital, Whampoa Group, DST Global Partners, and more.
The investment fund is to cover all areas of the cryptocurrency sector and will be distributed to projects under three stages of investment: incubation, early-stage venture, and late-stage growth.
According to a press release from Binance, He stated that their vision is to promote the popularization of Web3 and blockchain technology by “establishing blockchain industry standards,” and Binance Labs will also focus on investing in more capable, long-term-minded pioneers and shapers of the industry’s future.
He will continue to lead and support key Binance businesses and departments, including customer service, institutional business, marketing, Binance C2C and Binance Wealth Management.
Binance Labs is created with the objective to identify, invest and power blockchain entrepreneurs, startups, and communities by providing financial resources to industry projects thus enhancing the growth of the blockchain ecosystem.
Learn more about Binance Labs:
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Looking for a job in crypto? Check out the CryptoJobsNow!
Related News
Latest News
July 26, 2024
Tokyo's BitFlyer Acquires FTX Japan, Aims For Crypto ETFs
July 26, 2024
Crypto Scams on the Rise: Fake Video Conferencing Apps Target Job Seekers for Crypto
July 26, 2024
JITO Foundation Releases Code for Jito Restaking on Solana
July 26, 2024
BlackRock Sees Low Demand for Other Cryptos Other Than Bitcoin and Ethereum
July 26, 2024
Streamlining Project Deployment in the Blockchain Industry in 2024
July 25, 2024
Yona Network Integrates with Babylon Chain to Bridge Bitcoin and Solana
July 25, 2024
Core Foundation Launches Dual Staking to Enhance Bitcoin Yields
July 25, 2024
Chainlink Join Hands With Wenia to Boost Transparency of Colombian Peso-Backed Stablecoin
More News