THE NEW BET OF YZI, leads round of $25.5M in 'Sign' to conquer sovereign infrastructure and challenge #Ripple

The price of the token #SIGN skyrockets +30%

The "arms race" for sovereign blockchain infrastructure intensifies. #Sign , a digital infrastructure startup, has just closed a strategic round of $25.5 million led by YZi Labs, the influential venture capital firm that emerged as the "family office" of the former CEO of #Binance , Changpeng Zhao @CZ

This round, which also included IDG Capital, raises Sign's total funding to over $55 million and represents a direct bet on the next big frontier of crypto adoption: nations.

The Mission: Blockchain for Nations: Sign's CEO, Xin Yan, was direct: the crypto industry is "rich in technology but poor in adoption". The solution, according to them, is direct collaboration with countries. The funds will be used to build "sovereign blockchain infrastructure", complying with local regulations.

The Direct Challenge to Ripple and Solana: Sign doesn't mince words. Yan stated that they anticipate being "the first cryptocurrency company to implement a national digital currency system", explicitly targeting heavyweight competitors like Ripple (XRP) and #solana (SOL).

Key Expansion and Hiring: The capital will be allocated for aggressive expansion of the tech team, specifically seeking talent in Hyperledger Fabric, zero-knowledge proofs (ZK-proofs), and interoperability, indicating a focus on large-scale privacy and enterprise solutions.

Adoption in Progress: Although details are sparse, Yan confirmed that Sign is already actively working with Thailand, South Korea, and several "leading tech nations in Central Asia and the Middle East".

The market responded with euphoria to the news of the funding and the company's vision: the price of SIGN surged more than 30%, trading at $0.054.

$SIGN