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YZi Labs Joins $135M Canton Network Raise with Wall Street

  • YZi Labs, formerly Binance Labs, joins major players like Goldman Sachs, Citadel Securities, and DTCC in funding Digital Asset's $135 million Series E, backing Canton Network.
  • Canton Network, a Layer 1 platform focusing on privacy, compliance, and institutional-grade infrastructure, processes over $1.5 trillion in tokenized U.S. Treasury repo activity monthly, indicating significant real-world blockchain adoption.
  • This funding indicates a shift towards regulated tokenization, with YZi Labs making a strategic move into the institutional crypto space, emphasizing the importance of blockchain infrastructure beyond the DeFi sector.
  • The development highlights the growing trend of blockchain integration into traditional finance (TradFi), showcasing how the industry is evolving towards institutional blockchain solutions rather than speculative hype.

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