CZ to merge ‘Wall Street and blockchain’ alongside Goldman, DTCC, Citadel

Former CEO of Binance ChangPeng (CZ) Zhao’s Yzi Labs has invested In Digital Asset, institutional blockchain platform Canton Network Developer.

Yzi Labs joined the E 135 million bike, which was first announced on June 24 and includes the participation of tax authorities such as Goldman Sachs, Citadel Securities, DRW and Depositors Trust & Clearing Corporation (DTCC).

Yzi Labs is the new name of what was before Binance Labs. He was restructured to the family office to manage personal wealth and investment CZ and co -founder Binance, Yi He. CZ described this investment as “merger of street and blockchain”.

Capital infusion from Asset manager of $ 10 billion It harms the main crypto-red fund with established entities on Wall Street, all supporting a specific technological approach to business blockchain.

Financing is focused on expanding Canton NetworkPlatform designed to facilitate the tokenization of assets in the real world for regulated financial institutions. Its aim is to solve the persistent challenge of permitting blockchain operations in compliance with strict mandates for privacy and compliance with ripe markets.

The network acts as a public layer 1 with configurable privacy, a structure designed to offer an alternative to transparent public books and silenced private blockchains.

The Digital Asset Platform has demonstrated a substantial YZI activity activity, while IT reports support more than $ 1.5 trillion per month tokenized US treasury. The network currently includes almost 400 participants from decentralized and traditional financial sectors.

By allows you to set specific personal data control checks, Canton Network solves the main conflict between the need for financial confidentiality and the benefits of interoperability of shared books. Growth in The tokenization of assets in the real world was considerableWith the fact that the sector benefits from an increased institutional interest in bringing assets, such as bonds and private loan on-seams.

Ella Zhang, Head of Yzi Labs, commented on the company’s involvement.

“Through this investment, Yzi Labs is proud to support the mission to bring tokenized assets in the real world to the financial mainstream and contribute to the wider objective of promoting global institutional adoption,” Zhang said.

Her comments will place an investment as a step towards supporting the basic infrastructure needed to combine traditional financial assets with Blockchain technology.

Digital Asset also commented on the cooperation.

“This investment from YZI Labs strengthens the growing demand for blockchain infrastructure, which meets strict standards of global financial markets,” said Yuval, co -founder and CEO of Digital Asset.

Rooz added that the background of the YZI Labs in the infrastructure and web3 scaling that appears technologies, makes it a suitable partner because Canton expands its range. The objective for capital is to strengthen the Canton Network infrastructure, make the deck of new institutions, and promote interoperability needed to control higher assets in the real world.

Over the next 12 to 18 months, the company is planning further live deployment of main financial institutions and expansion to new global markets.