Binance Labs today announced its rebrand to YZi Labs. It is fitting to step away from the Binance brand name as it expands its investment focus, moving beyond crypto and blockchain to include Artificial Intelligence (AI) and biotechnology (biotech), while remaining steadfastly dedicated to advancing Web3 innovation. The rebrand is a natural progression for the business. For years, the organization has operated independently while leveraging on the Binance brand name. Now, as CZ has stepped...
Binance Labs has invested in THENA, a decentralized exchange (DEX) and liquidity protocol built on BNB Chain. Launched in January 2023, THENA has adopted the innovative ve(3,3) tokenomics model and its mission is to create a comprehensive, composable liquidity layer that combines the best features of leading DeFi protocols into one platform. By prioritizing security, scalability, and user experience, THENA aims to drive mass adoption of DeFi, empower individual users, and foster a thriving ecosystem...
Binance Labs has invested in Usual, a secure and decentralized RWA-backed stablecoin issuer that redistributes value and ownership through the $USUAL token, the governance token powering the Usual protocol, uniquely designed with an intrinsic value tied directly to the protocol’s revenue model. Usual is reshaping stablecoins through a community-first approach, innovative tokenomics, and a DeFi-first design. Traditional stablecoin issuers often operate like centralized banks, consolidating liquidity without redistributing value to users. Usual challenges this model...
Binance Labs has invested in Quine Co., the core contributor behind Perena, a leading stablecoin infrastructure protocol. Perena’s mission is to create a more decentralized, efficient, and accessible financial system by combining the best of DeFi innovation with traditional financial principles. Built natively on Solana, Perena leverages advanced financial engineering to bridge traditional banking efficiency with decentralized finance. By transforming stableswaps into liquid synthetic dollars, Perena aims to eliminate stablecoin ecosystem fragmentation and spread out...
Binance Labs has invested in Astherus, a multi-asset liquidity hub dedicated to maximizing the real yield of crypto assets. By enhancing the utility of digital assets, Astherus empowers decentralized finance (DeFi) users with diverse opportunities to achieve sustainable profits and maximize returns. Astherus seeks to address inefficiencies in DeFi by focusing on maximizing the real yield of assets, offering sustainable and tangible returns while enhancing the utility and liquidity of digital assets within the ecosystem....
Binance Labs has invested in Kernel, the core restaking infrastructure on BNB Chain. Through restaking, Kernel will transform BNB's security into programmable and attributable trust for various crypto applications, services, and middleware.
Binance Labs has invested in Brevis, a ZK-coprocessor platform that unlocks new use cases for apps by allowing verifiable, trust-free computations on historical on-chain data. Brevis’ flagship product, the ZK-coprocessor, empowers smart contracts to trustlessly access and run arbitrary computations on historical on-chain data, such as transactions, events, and states, enabling a wide range of use cases from user engagement and retention features to dynamic optimizations for DeFi dApps, intent automation and many more. Using...
Binance Labs has invested in Lombard, the developer and distributor of LBTC, a security-first Bitcoin liquid staked token (LST) that allows both individual holders and large institutions to earn yield on their Bitcoin while leveraging their assets in DeFi. Through its collaboration with Babylon, Lombard aims to bridge the gap between Bitcoin’s economic value, security capabilities, and the dynamic opportunities within DeFi. Since its launch in August, Lombard has grown to hold 40% of the...
Binance Labs has invested in Sophon, an ecosystem for entertainment applications in gaming, social, AI, prediction markets and beyond. With the grand vision of changing how users live, play, create, and connect in the internet economy, Sophon is laser-focused on creating seamless customer experiences. Sophon is able to achieve all this through the unique applications of the ZK Stack, such as native account abstraction, which is designed to provide a gasless experience. The zkSync codebase...
Binance Labs, the venture capital and incubation arm of Binance, has invested in OpenEden, a real-world assets (“RWA”) tokenization investment platform building the bridge to a new financial system. OpenEden as a group consists of a Monetary Authority of Singapore-licensed fund management company and a full-stack tokenization technology company. OpenEden’s tokenized U.S. T-Bill Fund (“TBILL”) is the first and only tokenized T-Bill product to receive an “A” rating from Moody’s, and is the largest of...