Former Binance CEO CZ Plans to Utilize Cryptocurrency for Investment a New Venture

Former Binance CEO CZ Plans to Utilize Cryptocurrency for Investment a New Venture

After leaving Binance, CZ plans to utilize cryptocurrency for investment in this new venture. He wants to use crypto to support funding and he wants to open up new opportunities for research financing.

CZ plans to Utilize Cryptocurrency for Investment in New Venture

The former CEO of Binance, CZ, is starting a new venture at the intersection of cryptocurrency and biotechnology. In a recent blog post, Zhao shared his enthusiasm for leveraging cryptocurrency to support funding for biotech research.

Case with DOJ

This move into the biotech realm coincides with Zhao’s legal obligations in the United States. Following a case with the Department of Justice (DOJ), he has agreed to a substantial $175 million release bond and committed to returning to the U.S. two weeks before his sentencing date on February 23, 2024.

The Department of Justice is concerned about Zhao potentially evading legal proceedings due to his significant financial resources and the absence of an extradition agreement between the United States and the United Arab Emirates, where he may consider relocating after fulfilling his current obligations in the States.

Despite these legal challenges, Zhao’s recent blog posts reveal his unyielding ambition to drive innovation.

Use of Digital Currencies

He is exploring the use of digital currencies to support biotechnological research, recognizing the potential of crypto to expedite monetary transactions and open up new avenues for research financing.

The decentralized nature of cryptocurrencies may level the funding playing field, empowering smaller research groups to secure the capital they need without intermediaries.


Digital currencies could facilitate innovative fundraising frameworks, such as decentralized autonomous organizations (DAOs), which would govern and allocate research funds based on community consensus.

This model could ensure that funding aligns with the public interest and addresses the urgency of research needs. This marks a departure from traditional funding practices that may not always prioritize the most critical research endeavors.


To conclude, the new venture of CZ in which he will utilize cryptocurrency as an investment will most probably open new opportunities in the crypto market and open doors toward research financing.

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