YZi Labs Joins Crypto Elite in Funding Digital Asset's Canton Network

Hold onto your hats, folks! YZi Labs, the powerhouse that used to roll with Binance, is diving headfirst into a sizzling alliance. They're teaming up with a crew of regulated and crypto-native players to supercharge Digital Asset's Canton Network. This blockchain is on a mission to blend Wall Street's massive operations with the slick privacy and flexibility of on-chain action.

On July 3rd, YZi Labs dropped the bomb about jumping into Digital Asset's jaw-dropping $135 million Series E round. They're rubbing shoulders with Wall Street titans like Goldman Sachs, Citadel Securities, and DTCC. Talk about a power move!

Hot on the heels of Digital Asset's initial funding reveal on June 24, YZi Labs is now standing shoulder to shoulder with the big dogs of traditional finance, all betting big on the Canton Network. This public Layer 1 blockchain is on a quest to marry institutional compliance with the wild world of decentralized tech.

This mega-bucks funding round is like a marriage of convenience between crypto's trailblazers and TradFi's gatekeepers. Canton's slick privacy setup has already handled over $1.5 trillion in monthly tokenized U.S. Treasury repo action. It's clear that regulated finance is ready to dance with blockchain, but they're calling the tunes.

The Institutional Onchain Revolution Takes Shape

YZi Labs throwing cash at Digital Asset? That's a boss move to get in on the action as blockchain infrastructure finally steps up to Wall Street's standards. TradFi has been side-eyeing public blockchains forever, scared of flashing their sensitive deals to the world, while private chains have been a total drag.

But Canton Network's privacy model? It's flipping the script, letting institutions keep their data under wraps while still playing nice with others. No wonder YZi Labs, Goldman Sachs, and Citadel are all in on Canton—it's the golden ticket to tokenizing real-world assets on a massive scale.

With that sweet $135 million injection, Canton Network is revving up to expand like crazy. They're zeroing in on beefing up infrastructure, speeding up the onboarding process for those pesky regulated entities, and cranking up the interoperability between apps.

Their game plan for the next 12 to 18 months? More live deployments, global market domination, and smoother app-level composability. It's go time!

"This investment from YZi Labs is proof that the demand for blockchain infrastructure that can hack it in global financial markets is exploding," said Yuval Rooz, Co-Founder and CEO of Digital Asset. "With this backing, we're full steam ahead on our mission to bring trillions more in real-world assets on-chain, building a financial ecosystem that's more connected and efficient."

YZi Labs getting in on this action also shows they're shifting gears under their new name, ditching the Binance Labs label. Ever since Changpeng Zhao took a step back from Binance's exchange ops, YZi has been all about building bridges between crypto and the old-school systems.

Their March play in Plume Network, a modular blockchain for real-world assets, is straight out of the Canton playbook: helping institutions tokenize everything from carbon credits to private equity. It's a game-changer!

Backing AI-data startup Vana and token distribution platform Sign earlier this year? That's just more proof that YZi isn't chasing the latest DeFi hype—they're building the infrastructure for mass adoption. They're managing over $10 billion in assets worldwide, and they're not playing around!