Key Takeaways:
After 5 years, CFO of Binance, Kaiser Ng stepped down to move different companies.He will likely be changed by Airwallex vice chairman of finance, Justin Yek.Ng will pursue the alternatives in AI, Web3 tokenization, sports activities, leisure and robotics.
Following the choice of its chief monetary officer, Kaiser Ng, to resign, Binance is seeking to exchange him. Ng shared his recollections of the alternate enterprise and introduced his intentions to determine companies based mostly on new applied sciences and blockchain personal belongings.
Kaiser Ng Displays on 5 Years at Binance
Ng introduced his departure in a put up on X, saying he had determined to pursue a number of initiatives of his personal. He described his time at Binance as one of the crucial rewarding durations of his profession, regardless of the challenges dealing with the crypto trade.
After 5 years as CFO of Binance, I’ve determined to go construct one thing of my very own.
The previous ten years within the digital asset alternate house have felt surprisingly quick, as a result of I loved what I used to be doing. Having ardour for what you do is so vital, and I’ll come again up to now. 8am to 2am grew to become a piece behavior. Once I felt exhausted previous midnight, I might simply search for on the Kobe Bryant’s statue standing within the nook of my workplace, and go proper again to the grind!
It has been the privilege of my profession to assist steward the funds of the world’s largest digital asset alternate by a interval that examined our trade in each manner: bull and bear cycles, Operation Choke Level 2.0, and a regulatory panorama that developed as rapidly because the expertise itself. Finance is seldom the loudest operate in an organization, however it’s the place belief is earned. Over these 5 years, we remodeled Finance from a pure back-office operate into one which constantly generates new concepts and income alternatives for the corporate. We grew to become wonderful drawback solvers. Finance understood the merchandise and metrics in addition to the enterprise items themselves. Pleased with what now we have constructed collectively, and I’m happy handy the keys to Justin, our subsequent CFO.
I wish to take this chance to thank CZ, Yi, Richard, and the management crew for his or her confidence and, above all, the wonderful Binancians all over the world whom I had the dignity of working with. You’re the purpose the corporate stands the place it does as we speak. Binance is in very succesful arms.
The corporate continues to develop and evolve with the profitable launch of TradFi belongings and AI-powered person interfaces. I’d like to precise my gratitude to MGX for the belief; to our house regulator Abu Dhabi International Market and all regulators we work carefully with; and to our enterprise companions, together with BlackRock, Circle, Franklin Templeton, Mastercard, our banking companions and cost channels, in addition to our advisors and auditors. Particular due to Grant Thornton Singapore and everybody who has supported Binance.
As for what comes subsequent, effectively, there isn’t only one venture however a number of that I’m enthusiastic about notably in sports activities and leisure, from basketball and music, to GPUs, robotics, gold and collectibles. Bringing these real-world belongings onto the blockchain by tokenization is an enormous alternative for the trade, and a giant unlock for everybody. I welcome anybody with a ardour in these areas to message me and probably be a part of my crew. Even higher if you happen to love Kobe 😉
Shifting from the CFO’s chair to the founder’s is a leap, and I take it with humility. I deeply consider it’s the place I could make a larger contribution to AI and Web3.
For now, thanks, Binance, for 5 exceptional years.
— Kaiser Ng (@kaizng) November 8, 2026
Throughout his tenure, the alternate navigated bull and bear markets, regulatory adjustments and what Ng described as “Operation Choke Level 2.0.” He additionally mentioned that he needed to work lengthy hours, at instances from 8 a.m. till 2 a.m.
He famous one achievement, as an illustration, as Binance’s finance crew developed from a traditional back-office function to 1 that proactively offered enterprise concepts and income alternatives.
Perceive Binance merchandise, enterprise metrics and business operations to collaborate extra carefully with different departments, says Ng.
Learn Extra: CZ Sends $965K to Giggle Academy, Retires Pockets After Meme Coin Chaos
Justin Yek Named as His Successor
Ng mentioned he was giving Justin Yek the job of CFO. Reuters cited Yek as somebody with lengthy expertise within the finance sector, most lately as vice chairman of finance for Airwallex. He said that Binance had been making ready for the change of chairs for a full six months earlier than the latest crypto breach.
It was revealed lower than every week after Binance on Oct. 29 admitted to shedding $6.3 billion value of cryptocurrency. Ng’s resignation got here after a “deliberate” transition, nonetheless, in accordance with the alternate, so there isn’t a linked relationship.
Ng Plans New Ventures in AI and Web3
Subsequent, Ng’s subsequent chapter will likely be a number of initiatives, not a single enterprise. He particularly talked about basketball, music, GPUs, robotics, gold and collectibles as areas that curiosity him.
By means of tokenization, he believes he can now weave the truth of those companies into blockchain networks. For him, this might present new views for the capabilities of digital belongings and make typical belongings extra accessible.
Lastly, Ng spoke about how he might make a much bigger affect on AI and Web3 as a founder. He opened his new ventures to others who’ve an curiosity, implying that his working processes for the subsequent venture might have begun already.
Ng expressed his gratitude to Binance’s management, employees, regulators and enterprise companions comparable to BlackRock, Circle, Franklin Templeton and Mastercard in his farewell message. He additionally pointed to the alternate’s growth into TradFi belongings and AI-powered person interfaces as indicators of its continued growth.
Learn Extra: Binance Reveals How Hackers Moved $6.34B After Breaching Its Pockets-Signing System
