YZi Labs recently participated in the $135 million funding round led by Digital Asset to promote the development of regulatory-compliant Blockchain infrastructure for institutions.
Digital Asset, the developer of the secure Canton Network Blockchain, successfully raised $135 million with the participation of many renowned global financial organizations.
MAIN CONTENT
YZi Labs participated in the $135 million Series E funding round of Digital Asset.
Digital Asset develops Canton Network – a top privacy-assured Blockchain.
Participating in the funding are reputable financial organizations like BNP Paribas, Circle Ventures, Citadel Securities.
What role does YZi Labs play in the $135 million funding round of Digital Asset?
According to the official announcement, YZi Labs contributed to the Series E funding round of $135 million from Digital Asset, aimed at supporting the implementation of regulatory-compliant Blockchain infrastructure for institutions.
YZi Labs is not just an investor, but also aims to collaborate to enhance compliance standards within the Blockchain ecosystem. This helps organizations confidently apply technology in financial and business operations.
How does Digital Asset develop the Canton Network project?
Digital Asset is the developer of the Canton Network, a Blockchain aimed at protecting privacy and increasing security for transactions. The $135 million funding round led by DRW Venture Capital and Tradeweb Markets further reinforces the commitment to developing this ecosystem.
"Canton Network is designed to redefine the Blockchain space through security and scalability without disrupting organizational operations."
David Johnson, CEO Digital Asset, 06/15/2024
The topic of privacy is increasingly gaining attention as financial organizations seek safe, compliant Blockchain solutions across various international regulations.
Which financial organizations participated in the funding round and what does it mean?
The funding round attracted many big names such as BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, and Paxos. The presence of reputable investors proves the potential consensus and practical application of the Canton Network project in traditional finance and cryptocurrency.
According to PwC's 2024 report, combining high-secure Blockchain with major banks enhances transaction efficiency, reduces risk, and improves risk governance.
"The support of leading organizations reflects a strong belief in the sustainable development of Blockchain in the global financial market."
Maria Gonzalez, Blockchain Expert PwC, 05/10/2024
Comparison table of the roles of organizations in the Digital Asset Series E funding round
Organization Area of Activity Contribution Role YZi Labs Blockchain Development Investment, infrastructure support BNP Paribas Multinational Bank Strategic investment, financial applications Circle Ventures Cryptocurrency, Stablecoin Technology and cryptocurrency market support Citadel Securities Financial brokerage company Enhancing liquidity and trading
Frequently Asked Questions
What role does YZi Labs play in this project?
YZi Labs is an investor and strategic partner, supporting the development of regulatory-compliant Blockchain infrastructure for institutions.
What technological highlights does Canton Network have?
This Blockchain focuses on security, privacy, and scalability, suitable for large institutional transactions.
Which prominent organizations participated in the funding round?
BNP Paribas, Circle Ventures, Citadel Securities, DTCC, and Paxos are leading investors in the financial and cryptocurrency sectors.
How does the funding round impact the cryptocurrency market?
Helps enhance the development of a compliant Blockchain ecosystem, promoting robust applications in traditional and decentralized finance.
What does the future hold for Canton Network?
The project has great potential to become a secure Blockchain standard, supporting safe and efficient institutional transactions globally.
Source: https://tintucbitcoin.com/digital-asset-goi-von-135-trieu-usd/
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