YZi Labs, previously known as Binance Labs, announced its participation in Digital Asset's Series E funding round, highlighting the growing interest from major financial institutions in blockchain technologies.
YZi Labs' Participation in Funding
YZi Labs participated in the Series E funding round of Digital Asset, totaling $135 million. This investment includes participation from major players such as Goldman Sachs and Citadel Securities, underscoring the increasing interest in blockchain for institutional use.
Canton Network Development
The investments are directed towards supporting the Canton Network, a public Layer 1 system that enables secure asset integration. Canton Network aims to improve regulatory compliance when conducting large financial transactions.
Trends in Institutional Blockchain Investments
Analysts are observing that institutional investors are increasingly investing in blockchain technology. The Canton Network processes over $1.5 trillion in monthly tokenized U.S. Treasury repo activities, highlighting its growing role in the financial sector.
This funding round could bolster institutional investment in blockchain and support infrastructure compliant with strict financial regulations.
