YZi Labs invests ‘multi-8-figure’ in Genius Trading, with CZ joining as advisor
Summary
YZi Labs, the family office spun out of Binance Labs by co-founders Changpeng “CZ” Zhao and Yi He, has made a "multi-8-figure" investment in Genius Trading, with CZ also joining as an advisor. Genius Trading is developing a privacy-focused, decentralized, self-custodial, cross-chain trading platform offering spot, perpetual futures, and copy trading, aiming to be an onchain alternative to centralized exchanges like Binance. The investment is well over $10 million, according to Genius CEO Armaan Kalsi. Genius positions itself as a unified terminal accessing liquidity across over 10 blockchains while shielding large trading strategies through a custom privacy layer that splits trades across numerous wallets to reduce traceability without relying on offchain components. The company, founded in 2022 by the core team from Shuttle Labs, previously raised $7 million and is focused on long-term onchain adoption where privacy becomes critical for mature financial activity.
(Source:The Block)