Binance Labs has accumulated $9 billion in assets, with theoretical returns exceeding 10 times the investment amount

ChainCatcher news, according to The Block, as of the first quarter of this year, Binance Labs has accumulated $9 billion in assets, up from $7.5 billion in August last year. Binance Labs' investment portfolio includes over 200 projects from more than 25 countries across six continents, of which 50 are incubated by Binance Labs. A spokesperson for Binance stated that the theoretical return on investment for the institution is more than 10 times its investments.

Binance's Chief Business Officer Yibo Ling discussed the impact of U.S. regulatory pressure on its venture capital arm, Binance Labs, in an interview with The Block, saying, "Nothing I can think of has really affected Binance Labs." "The impact on us hasn't been different. If there are good projects anywhere, we are interested in engaging." (source link)