Departing Binance CFO Kaiser Ng Plans Tokenization Startup as CZ Floats YZi Labs Backing

Binance CFO Kaiser Ng will leave the exchange to launch a tokenization startup that brings assets ranging from basketball to gold onchain, with Binance co-founder Changpeng Zhao floating YZi Labs as a potential backer. Binance has named Airwallex finance veteran Justin Yek to succeed Ng, completing a handover the company says took six months to plan. The move places a senior exchange executive at the center of the real-world asset tokenization sector, which has drawn growing institutional interest. Ng's startup has not yet disclosed funding terms, target chains or launch timing. Watch for confirmation of YZi Labs' involvement and details on which asset classes and blockchain networks the venture will target.