YZi Labs invests tens of millions of dollars in privacy trading platform, CZ joins the advisory team

【BlockBeats】Recently heard about a quite interesting fundraising case. YZi Labs invested several tens of millions of dollars into Genius Trading, an amount much more than 10 million USD. Moreover, CZ also joined the advisory team, indicating that this project has indeed attracted the attention of industry big names.

What exactly is Genius Trading doing? In simple terms, they are developing a privacy-first decentralized trading platform. The core selling points are self-custody and cross-chain integration — users can access liquidity from over 10 blockchains within the same trading terminal, including mainstream chains like BNB Chain, Solana, Ethereum, Hyperliquid, Base, Avalanche, and Sui. They also offer spot trading, perpetual contracts, and copy trading features.

In essence, they aim to be an on-chain alternative to a major centralized exchange. The key is that you don’t need cross-chain bridges, wallet switching, or exposing your trading strategies on-chain. This is quite attractive to traders who value privacy and convenience.

CEO Armaan Kalsi revealed in an interview that the investment was completed at the end of last year. He did not disclose whether it was equity, tokens, or a hybrid. As for whether Genius itself will issue tokens, they remain mysterious. It seems that the fundraising terms and business plans are still under wraps.