According to CryptoSlate, Binance Chief Financial Officer Kaiser Ng stated on November 8 that after serving as CFO for five years, he has decided to start his own venture. He mentioned that he had informed management several months ago and that transition preparations have also taken months, while expressing interest in sports, entertainment, and the tokenization of other real-world assets. The report did not provide a specific handover date, nor did it disclose the new company's name, product launch details, or timeline.