Binance has made an investment in Nomad Capital, a newly established crypto venture fund, as part of Binance’s continued efforts to support the larger crypto ecosystem.

Nomad Capital adopts a hands-on approach to help their portfolio projects grow and scale. Nomad aims to deliver value to its portfolio projects in various ways, including product advisory, business development, tokenomics design, talent acquisition, and token launch strategy, among other services.

“Nomad Capital is committed to partnering with our portfolio companies to help them achieve their full potential,“ said Erick Zhang, Managing Partner, Nomad Capital. “Binance’s values and culture have a profound impact on our team and our approach to investing. We are incredibly grateful for Binance’s support and trust. This investment will further propel us forward in our mission to advance the growth of the crypto industry.”

Binance notes that, as a limited partner, Binance Labs does not endorse any investments made by the fund.