Crypto
After five years as chief financial officer, Ng named Justin Yek as successor and pointed to tokenizing sports, entertainment and physical assets, without naming a company or timeline.
Nov 10, 2026, 03:37 UTC · 1 min read
Kaiser Ng, the chief financial officer of Binance, announced on Nov. 8 that he is leaving the exchange to start something of his own. CryptoSlate reported that he named Justin Yek as the person who will take over the CFO role.
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Ng shared the news on X, writing that after five years as CFO he had decided to go build something of his own. He tied his next chapter to tokenization, citing interest in sports, entertainment and other kinds of assets.
In a later reply on Nov. 8, Ng said he had told management about his decision months earlier and that the handover itself took several months. According to the report, the exit was therefore planned well ahead of the public announcement.
Binance founder Changpeng Zhao, known as CZ, also said he had known about the plan in advance. In his Nov. 8 response, he said Ng had shared months earlier that he wanted to build a startup, praised his work and wished him success. CZ added that YZiLabs is generally interested in backing ventures founded by current or former colleagues.
Richard Teng posted a supportive reply on Nov. 9. He said he had enjoyed working with Ng and expected exciting things ahead.
In his original post, Ng listed several subjects he is passionate about, including basketball, music, GPUs, robotics, gold and collectibles. He discussed these in connection with tokenization, and the common thread in his account is bringing real-world assets onto blockchains.
The list describes possible directions rather than a concrete plan. Ng did not announce a company name, product launch or timetable, and he gave no funding terms. CryptoSlate noted that CZ's general openness to backing colleague-led ventures is not a commitment to any particular project.
Ng also looked back on the finance team he helped build. He credited it with producing ideas and revenue opportunities that went beyond a back-office function, and he thanked colleagues, regulators, business partners, advisers and auditors.
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