TechFlow news, according to the UKFinancial Times, Binance CEO Changpeng Zhao said that Binance is in talks with sovereign wealth funds, and its global entities have raised funds from several sovereign wealth funds in addition to U.S. partners prior to any potential listing. He believes investments from sovereign wealth funds would help enhance “awareness and relationships” with governments worldwide. “But this could link us to specific countries...... I want to be cautious,” he added.
Zhao stated that these matters are currently under discussion. He declined to reveal which funds the company is engaging with. “The scale of financing involved is not small…… This is not a short-term process,” he said.
In August this year, according to Wu Blockchain, Binance had considered raising investments from sovereign funds controlled by governments such as Singapore's at a valuation of $200–300 billion in exchange for better protection.
