Binance CFO leaves the company to tokenize real assets
Ng says the transition took months and describes tokenization interests after five years as CFO, without naming a venture. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Binance chief financial officer Kaiser Ng said on Nov. 8 that he had decided to build something of his own after five years in the role, naming Justin Yek as the exchange’s next CFO.
Ng linked his next chapter to interests in tokenization across sports, entertainment, and other assets. He wrote on X:
“After five years as CFO of Binance, I have decided to go build something of my own.”
In a reply later on Nov. 8, Ng said he had informed management of his decision months earlier and that the transition itself took months.
Binance founder Changpeng Zhao (CZ) likewise described advance knowledge of the plans. In his Nov. 8 response to Ng’s announcement, he said Ng had shared his intention to build a startup months earlier, praised his work and wished him success.
CZ also expressed YZiLabs’ general interest in backing ventures founded by current or former colleagues.