YZi Labs Joins Forces with Digital Asset’s Canton Network
YZi Labs, formerly Binance Labs, has joined a powerful group of investors backing digital Asset’s Canton Network. This blockchain aims to blend Wall Street operations with on-chain privacy and flexibility. On July 3, YZi Labs announced its participation in Digital Asset’s $135 million Series E round. Other major players like Goldman Sachs and citadel Securities also joined in.
The Canton Network is a public Layer 1 blockchain.It seeks to bridge the gap between traditional finance and crypto. The network’s unique privacy features have already handled over $1.5 trillion in monthly U.S. Treasury repo activity. This shows that regulated finance is warming up to blockchain technology, but with specific conditions.
This investment aligns crypto innovators with traditional financial institutions.The Canton Network offers a solution. It allows institutions to control data visibility without losing interoperability.
With the new funding, Canton Network plans to focus on three areas: improving infrastructure scalability, speeding up onboarding for regulated entities, and enhancing interoperability between applications. Over the next 12 to 18 months, the network aims for new deployments and global market expansion.
Yuval Rooz, Co-Founder and CEO of Digital Asset, said, “This investment reinforces the demand for blockchain infrastructure that meets global financial standards. We’re advancing our mission to bring trillions of dollars in real-world assets on-chain.”
YZi Labs’ involvement marks a strategic shift.Since rebranding from Binance Labs, YZi has focused on bridging crypto and traditional systems. Its recent investments in Plume Network, Vana, and Sign show a pattern of funding rails for mass adoption, not just speculative trends. The firm manages over $10 billion in assets globally.
