Binance Labs Investment Fund

  • Binance Labs the Japanese firm behind one of the largest cryptocurrency exchanges Binance, has launched a new $1 billion ‘Social Impact Fund’ to help support blockchain and crypto startups


  • According to Coindesk, Binance will spread the $1 billion over 10 phases of $100 million each and ”…create a combination of a fund of funds (a fund that invests in other funds) and a direct fund that invests in blockchain projects.”


  • The launch of the new fund was announced by Head of Binance Labs – Ella Zhang


  • Writing on Medium, Zhang said ”Binance Labs is a social impact fund. It is an initiative to incubate, invest and empower top blockchain and cryptocurrency entrepreneurs, projects, and communities. Binance Labs is not a profit-driven fund, but an impact-driven, mission-driven and passion-driven strategic fund for the entire ecosystem, not just for Binance. Our mission is to solve problems that matter most to the ecosystem and change the world for the better.”

Related Blogs

Leave us a comment