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Cryptocurrency exchange Binance’s venture capital division, Binance Labs, has announced intentions to undergo a rebranding in 2025. Changpeng Zhao (CZ) will oversee and actively engage with funding initiatives.
Binance Labs separated from the exchange and became an independent entity earlier this year. The rebranding signifies its evolving vision and aims to create a distinction from the exchange.
At Binance Labs (soon to be rebranded), we are intensely focused on fundamentals, striving for long-term impact. As we approach 2025 and beyond, we will continue to provide ongoing support to founders who align with our vision of building for the future.
As we wrap up 2024, let’s review the…— Binance Labs Fund (@BinanceLabs) December 31, 2024
CZ Back in Action
The investment arm indicated that former Binance founder CZ will allocate more time to investing and directly engaging with projects. Although CZ is completely barred from participating in Binance’s management, he is permitted to concentrate on investments.
CZ spent four months in prison for breaching the U.S. Bank Secrecy Act and other regulatory issues. With CZ dedicating additional time to investments and directly interacting with projects, Binance Labs also mentioned it is broadening its investment strategy to encompass secondary markets, OTC transactions, and other opportunities.
With @CZ_Binance back in action, and dedicating a significant portion of his time to investing in the industry, he is eager to connect with both existing and new founders, and engage with projects on a personal level.
— Binance Labs Fund (@BinanceLabs) December 31, 2024
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Reflecting on 2024
Reflecting on 2024, Binance Labs noted it has experienced an impressive year, investing in 46 projects. Among these, 14 were sourced from the BNB Chain-focused MVB program and the chain-agnostic Labs Incubation program, while 32 were direct investments. These investments covered a range of sectors, with a balanced 50-50 split between infrastructure and application-focused deals.
In its analysis, the firm stated its portfolio is diverse, featuring investments in DeFi X10 projects, AI X7, the Bitcoin ecosystem X7, Re-staking X4, Gaming X3, ZK technologies X2, RWAs X2, and consumer applications X2.
Emerging areas such as the “Move” system and decentralized science (DeSci) also garnered increased attention. The firm invests in leading platforms like Solana, Ethereum, and Ethereum Layer 2 solutions, as well as Berachain and Monad. Binance Labs reported that 20% of these investments were in projects within the BNB ecosystem.
Looking Ahead
Binance Labs expressed optimism about the opportunities that lie ahead as the industry transitions into 2025. With the pro-crypto stance of the incoming Trump administration, the regulatory environment is anticipated to become more favorable, potentially enhancing institutional interest and paving the way for industry maturation.
In 2025, Binance Labs stated it will focus on key areas such as blockchain/crypto, AI, and biotech, along with innovations at the intersection of these fields. Underperforming sectors like gaming and privacy solutions may also experience a revival as they progress from development to production.
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