YZi Labs Invests in Temple Digital Group

YZi Labs, Binance Lab’s rebranded venture capital arm, has made a significant investment in Temple Digital Group, the company behind the first trading platform on the Canton Network. According to a post on X, this investment also includes major participation from leading financial institutions. Some of which are Goldman Sachs, BNY Mellon, Broadridge, DRW, and others.

YZi Labs Fuels Institutional Blockchain Growth

Temple Digital is working to create safe, scalable, and compliant trading solutions on the Canton Network. Notably, the Canton Network is a privacy-focused blockchain intended for institutional use. 

Meanwhile, YZi Labs, which specializes in building regulatory-compliant digital infrastructure, is dedicated to transforming institutional finance using blockchain technology.  Hence, the reason for backing up Temple Digital.

With this investment, Temple Digital plans to improve its engineering and compliance teams. This is essential for meeting the growing need for high-quality blockchain solutions for businesses. The company also plans to expand its products to include tools for issuing and managing assets.

Furthermore, Temple will also develop perpetual futures, which are advanced derivatives that facilitate price discovery and risk management. Additionally, the company aims to implement cross-network trade routing. The company will also invest in research to enhance the interoperability of different blockchains. 

YZi Launches Funds to Boost BNB Growth

A few days ago, YZi Labs shared that it has committed $1 billion builder fund to support projects built on the BNB Chain. 

This news came as Binance Coin (BNB) overtook XRP and Tether’s USDT to become the third-largest cryptocurrency by market capitalization. It also marked the biggest step forward for the ecosystem.

As reported by TheCoinRise, YZi Labs affirmed that the $1 billion fund will support founders and developers creating projects on the BNB Chain. 

The fund will focus on key areas driving the next stage of blockchain growth. This includes trading, real-world asset (RWA) tokenization, artificial intelligence (AI), decentralized science (DeSci), decentralized finance (DeFi), payments, and wallets.

YZi Labs Backs the Next Wave of Blockchain Builders

With the new fund, YZi Labs offers up to $500,000 to each selected project. The company will also give teams access to key integrations, advanced tools, and the BNB community of over 460 million users. Notably, the goal is to boost real-world use cases and support lasting growth across the ecosystem.

Undoubtedly, YZi Labs has a strong record of funding promising blockchain projects. The team has previously supported startups like Sign, PancakeSwap, ListaDAO, Aster, and Aspecta. All of these projects have earned investors’ trust and community support.

With the rebranding from Binance Labs to YZi Labs, the focus has shifted to investments led by Zhao and Yi He, with the firm now serving as their family office. These new directions signal that YZi Labs will likely be more selective in its investment choices. The firm also plans to shape the blockchain space beyond Binance.