Changpeng Zhao’s $10 billion investment firm YZi Labs is considering opening to external investors after managing Zhao’s personal fortune and funds from Binance insiders. The fund received $300 million in outside funding in 2022 but returned part of it. YZi Labs’ portfolio includes over 230 companies, such as Aptos Labs and Polygon, according to Dealroom.

The Securities and Exchange Commission (SEC) requested a private demo of YZi Labs’ portfolio, showing a more crypto-friendly stance from US regulators under the Trump administration. Zhao resigned from Binance last year after a US criminal charge for failing to implement AML controls. He served a four-month prison sentence and is seeking a pardon from President Trump.

Galaxy Digital raised $175 million for its first externally backed venture fund, exceeding the initial $150 million target. Bitcoin analyst Willy Woo sold most of his Bitcoin, believing he could earn higher returns by investing in Bitcoin infrastructure. Woo stated that early-stage Bitcoin startups offer 100–1,000x potential returns.

Read more at Cointelegraph: Former Binance CEO CZ’s YZi Labs May Open to External Investors