Binance Seeks Investments From Sovereign Wealth Funds

Posted on by American Coins & Gold

Binance Seeks Investments From Sovereign Wealth Funds
Binance is in preliminary discussions with “several” sovereign wealth funds about investing in its global entity, Zhao said in a Nov. 23 interview with the Financial Times, declining to name any specific funds.Zhao hopes that Binance’s “perception and relationships” with regulators around the world would improve if sovereign wealth funds took a stake in the company, according to the report. “But it may also tie us to specific countries…which we want to be slightly careful with,” Zhao said.Binance has been under the regulatory microscope in jurisdictions ranging from Japan to Singapore.Binance’s U.S. entity will be closing pre-IPO funding of “a…