Binance Labs

Binance Labs is the venture arm and incubator of Binance, focusing on startup and social impact investments in blockchain technologies and Web3. It funds ventures across public blockchains, decentralized exchanges, wallets and payments, stable digital currencies, security token platforms, fintech, and dApps, and seeks opportunities in emerging markets such as India.

Kenneth Chan

Investor

Dyani Elan

Managing Director

Ken Li

Investor

Ken Li

Executive, Investments and Incubations

Alex Odagiu

Investment Director

Michael Siu

Investor

Hejun Yun

Investor

Past deals in Bitcoin

Hemi Labs

Seed Round in 2024
Hemi Labs develops a modular blockchain network that integrates Bitcoin and Ethereum, enhancing interoperability, security, and programmability. Co-founded by industry veterans Jeff Garzik and Max Sanchez, the company aims to create a unified 'supernetwork' for seamless asset transfer between these two leading networks.

Corn

Seed Round in 2024
Corn is a new Ethereum Layer 2 network that aims to be the best platform for utilizing Bitcoin.

Zest Protocol

Seed Round in 2024
Zest Protocol is an innovative financial service platform that enhances the utility of Bitcoin by providing a unique borrowing and lending ecosystem. As the first on-chain Bitcoin lending protocol, it enables Bitcoin holders to earn additional BTC or borrow against their assets, thereby facilitating participation in a dynamic market. The platform prioritizes security and minimizes risks associated with traditional lending solutions by utilizing Bitcoin and Layer 2 technologies. Users can engage with the platform through yield pools by using Stacks and Bitcoin addresses, with rewards distributed in USD-denominated tokens. Zest Protocol aims to make Bitcoin more productive, allowing individuals to meet their credit needs while maximizing the potential of their holdings.

UXUY

Seed Round in 2024
UXUY is a company focused on developing a next-generation decentralized trading platform based on multi-party computation (MPC) technology. It aims to simplify access to cross-chain liquidity through its innovative aggregation protocol. UXUY offers a stablecoin-centric ecosystem that facilitates cross-chain payments, allowing investors to seamlessly transact across multiple blockchain networks. The company provides easy integration options with versatile APIs and libraries, enhancing the user experience and accessibility for a variety of investors.

NGRAVE

Series A in 2022
NGRAVE develops crypto hardware wallets and backup solutions, providing end-to-end secure digital asset management. Its hardware wallet keeps private keys offline from generation to transaction signing, preventing exposure to online threats and safeguarding holdings from theft. The company offers cold storage solutions designed to minimize attack vectors and provide secure key backup, enabling users and businesses to manage crypto safely.

MathWallet

Series B in 2020
MathWallet is a multi-platform cryptocurrency wallet that supports over 50 public blockchains, allowing users to store Bitcoin and major altcoins, including Ethereum, EOS, and Tron. The wallet is designed to facilitate various functions such as trading, payments, and accessing cryptocurrency news while enabling the secure storage and management of multi-chain tokens and decentralized applications (dApps). MathWallet offers a cross-chain token exchange feature and operates nodes for proof-of-stake chains. It is available across multiple formats, including mobile applications, browser extensions, web interfaces, and hardware solutions, providing users with convenient access to a wide range of cryptocurrency services.

Bitsika

Seed Round in 2019
Bitsika is a payment application aimed at facilitating instant money transfers for users across Africa and beyond. The platform allows individuals to receive funds from anyone globally without incurring fees. Designed for ease of use, users can sign up through their Google or Apple accounts and create a unique username that begins with a dollar sign. In addition to enabling social payments, Bitsika functions as a digital wallet, offering features such as virtual card creation and the ability to trade bitcoins. This comprehensive approach simplifies the process of sending and spending money, making it accessible for a wide range of users.

Koi Trading

Seed Round in 2018
Koi Trading is an over-the-counter (OTC) trading desk specializing in connecting global cryptocurrency markets. Headquartered in San Francisco, with additional offices in Hong Kong and Europe, the company provides a reliable and efficient trading pathway for institutional investors and high net-worth individuals interested in blockchain assets. Koi Trading facilitates the execution of trades in major cryptocurrencies and fiat currency pairs, earning the trust of brokerage firms, exchanges, miners, and cryptocurrency funds worldwide. Additionally, the company develops a trading platform that bridges liquidity pools, enhancing access to virtual currency exchanges and stablecoins for its clients.

Avalon Finance

Avalon Finance is a decentralized protocol that offers a BTC liquidity mechanism for production.
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