Yi He, one of the founders of the exchange, will lead Binance’s investment arm in the blockchain and cryptocurrency ecosystem.
Yi He will be the new director of Binance Labs, which invests and incubates crypto money and blockchain startups.
Binance Labs, so far Polygon, FTX, Certik, Nym, Dune Analytics He provided incubation service to some well-known projects such as
According to the statements made by Binance, Binance Labs With more than 200 projects together in total assets worth $7.5 billion manages.
Yi He, who has been on the Binance team since its founding, will be responsible for the day-to-day management of Binance Labs, and in particular projects working on infrastructure will stand on it.
Binance Labs has recently acquired from a group of investors including DST Global PArtners and Breyer Capital. Raised $500 million in funds.