YZi Labs joins a $135 million Series E round that was first announced on June 24 and includes participation from finance incumbents like Goldman Sachs, Citadel Securities, DRW, and the Depository Trust & Clearing Corporation (DTCC).
The network functions as a public Layer 1 with configurable privacy, a structure intended to offer an alternative to transparent public ledgers and siloed, private blockchains.
Digital Asset’s platform has demonstrated substantial activity according to Yzi Labs, with reports of it supporting over $1.5 trillion in monthly tokenized U.S. Treasury repo volume. The network currently involves nearly 400 participants from both decentralized and traditional finance sectors.
Ella Zhang, Head of YZi Labs, commented on the firm’s involvement.
“Through this investment, YZi Labs is proud to support the mission of bringing tokenized real-world assets into the financial mainstream, and to contribute to the broader goal of advancing global institutional adoption,” Zhang stated.
Her comments position the investment as a move to foster the foundational infrastructure required for merging traditional financial assets with blockchain technology.
The collaboration was also commented on by Digital Asset’s leadership.
“This investment from YZi Labs reinforces the growing demand for blockchain infrastructure that meets the rigorous standards of global financial markets,” said Yuval Rooz, Co-Founder and CEO of Digital Asset.
Rooz added that YZi Labs’ background in Web3 infrastructure and scaling emerging technologies makes it a suitable partner as Canton expands its reach. The stated goal for the capital is to enhance the Canton Network’s infrastructure, streamline the onboarding of new institutions, and support the interoperability required to manage a higher volume of real-world assets.
Over the next 12 to 18 months, the company plans for additional live deployments from major financial institutions and expansion into new global markets.
