Wall Street and Blockchain are Finally Merging: CZ’s YZi Labs Joins Goldman Sachs, DTCC & Citadel To Power Institutional Blockchain
Former Binance CEO Changpeng (CZ) Zhao’s YZi Labs has made a bold move by investing in Digital Asset, the firm behind the Canton Network. This is more than just another tech investment—it signals a new era where the giants of Wall Street and blockchain technology join forces. The big news: YZi Labs, along with finance titans like Goldman Sachs, Citadel Securities, and DTCC, is now backing Digital Asset with $135 million. This is a major step toward merging Wall Street and blockchain into a single powerful force.
In This Article:
- Major Players Fund the Canton Network to Bridge Traditional Finance and Blockchain
- Canton Network: Tokenizing Real-World Assets for Regulated Institutions
- Solved: The Balance Between Confidentiality and Collaboration In Finance
- What’s Next for Wall Street and Blockchain: Expansion, Adoption, and the Future
Major Players Fund the Canton Network to Bridge Traditional Finance and Blockchain
YZi Labs, now rebranded from Binance Labs, was formed to manage the wealth and investments of CZ and Binance co-founder Yi He. Their latest investment, part of a $135 million Series E round, sees them standing side-by-side with the biggest names in finance: Goldman Sachs, Citadel, DRW, and DTCC. The network, called Canton, aims to solve one of the biggest challenges today—bringing real-world financial assets like bonds and private credit onto a blockchain while still following strict privacy and compliance rules. This is a crucial leap for institutional blockchain adoption, a field known for its complexity.
Canton Network: Tokenizing Real-World Assets for Regulated Institutions
Canton Network operates as a "public Layer 1" blockchain with customizable privacy controls, creating a new way for institutions to manage assets securely on-chain. Unlike fully public or completely private ledgers, Canton uses a unique approach to offer both interoperability and confidentiality. So far, it supports more than $1.5 trillion in monthly tokenized U.S. Treasury repo volume and connects around 400 participants from both decentralized and traditional finance. The goal: Make real-world asset tokenization practical, safe, and appealing to financial institutions who demand rigorous standards.
Solved: The Balance Between Confidentiality and Collaboration In Finance
The Canton Network addresses a long-standing issue in institutional blockchain: how can banks and big firms benefit from the shared ledger while keeping sensitive information private? By letting institutions set their own privacy controls, Canton offers a path forward—protecting confidentiality without losing the advantages of blockchain-powered interoperability. Real-world asset tokenization is growing fast, with the sector seeing more and more interest from finance leaders eager to bring regulated assets on blockchain.
What’s Next for Wall Street and Blockchain: Expansion, Adoption, and the Future
With YZi Labs investing and Web3 experts on board, the vision for institutional blockchain is clear: global adoption. Ella Zhang, Head of YZi Labs, says their support will help bring tokenized real-world assets into the financial mainstream. Digital Asset’s CEO, Yuval Rooz, agrees—calling this investment proof that institutions want blockchains built to the highest global standards. Over the next 12 to 18 months, expect more banks to join and the network to expand worldwide. The merging of Wall Street and blockchain is no longer hype—it’s happening.
