He Yi: Binance Labs’ assets exceed US$9 billion, and Binance Charity’s cumulative donations exceed US$30 million

Odaily News Binance co-founder He Yi shared Binance’s diversified investments and philanthropy in an interview with Authority Magazine. She mentioned that its venture capital and incubator Binance Labs is committed to supporting and investing in strong projects and startups that will generate long-term growth for the large-scale encryption and Web3 ecosystem. Binance Labs manages more than $9 billion in total assets, covering more than 250 investment portfolios in more than 25 countries on six continents, and has incubated 50 projects. In addition, He Yi also mentioned Binance Charity, the first non-profit charity organization to utilize blockchain technology, which has donated more than 30 million US dollars so far and provided assistance to more than 2 million beneficiaries. Binance Charity has launched several charitable activities such as lunches for children, Web3 scholarships, and Pink Care Project (a social impact project aimed at solving menstrual poverty). According to previous news in April, the assets of Binance Labs, the venture capital arm of Binance, have grown from US$7.5 billion in August last year to US$9 billion now. Its funds are invested in more than 200 projects in more than 25 countries on six continents. Among them, 50 projects are incubated by Binance Labs.