Binance’s venture capital arm has grown to $9 billion in assets

Binance Labs’ venture capital arm continues to grow, with assets now growing to $9 billion from $7.5 billion last year. Yibo Ling, chief commercial officer of Binance, said the venture and incubation unit is global and is not subject to regulatory pressures in the United States and elsewhere. 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. A spokesperson for Binance said the institution offers a theoretical return of more than 10 times the amount invested. However, Binance seems to have no plans to sell

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