Foresight News reports that Ella Zhang, the new head of YZi Labs, stated in an interview with Bloomberg that after rebranding from Binance Labs, it is now "purely a family office investment tool." YZi Labs will also manage the wealth of Binance co-founder He Yi. The company does not have an official headquarters and employees work remotely. Zhao Changpeng has not immediately injected more funds into YZi Labs, which manages approximately $10 billion in crypto-related assets. Ella Zhang mentioned that YZi Labs will expand its investments beyond cryptocurrency to include artificial intelligence and biotechnology companies, and plans to increase its team from 9 to 20 people.