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.