Binance is in preliminary talks with “several” sovereign wealth funds regarding investing in its global entity, revealed the CEO and founder of Binance, Changpeng Zhao. The revelation was made today during an interview with The Financial Times. CZ refused to give the names of the exact funds he was talking about.
Zhao hopes that Binance’s “perception and relationships” with regulators around the globe will improve in the case that sovereign wealth funds decide to take a stake in the company, revealed the report.
“But it may also tie us to specific countries…which we want to be slightly careful with,” added Zhao.
Binance has been under the eye of many regulatory bodies around the world, from the UK to Japan, and from Malaysia to Canada.
Zhao also declared that Binance US would close its pre-IPO funding of “a couple hundred million” in one month or two. Furthermore, it is established that the exchange is also planning to set up a global headquarters, which represents a departure from its decentralized operations model.