YZi Labs' latest investment in Digital Asset Quick Read: The Invisible Force Behind the $4 Trillion RWA Empire

With over $400 million in funding and $4 trillion in tokenized RWA, why has Canton become the "blockchain behind the scenes" for institutional finance? (Synopsis: Changpeng Zhao YZi Labs: Funds "return altcoins", Meme coins have a fundamental bubble will eventually burst) (Background supplement: Alpha Nuggets" Changpeng Zhao YZi Labs invested in TAO ecological "Tensorplex" Bittensor subnet token soared 2 times, worth an ambush? Digital Asset said the round will accelerate the landing of institutional and decentralized finance on the Canton Network and its integration with RWA, further consolidating its broad deployment in diversified asset classes such as bonds, money market funds, alternative funds, commodities, repurchase agreement (repos), mortgages, life insurance and annuities. As everyone knows, Digital Asset has been established for 11 years and has raised more than $400 million in cumulative financing. So, what exactly is Digital Asset and Canton Network? What are the characteristics of its core technology? Why has it attracted the attention and adoption of many traditional financial institutions? What is the accumulation of the core team? In addition, what is Canton's current trajectory and where is it heading in the future? Founded in 2014 and headquartered in New York, Digital Asset is dedicated to unlocking the potential of cryptocurrencies and the continued convergence of decentralized and traditional finance. Its core products include the Canton Network and the DAML smart contract language, which together form an institutional-grade blockchain infrastructure. Digital Asset has raised more than $400 million in total. Canton Network is an open source privacy Layer1 blockchain designed for financial institutions and enterprise applications. Canton interoperates across applications through the DAML language and Canton protocol, supports multi-subnet atomic transactions, and combines privacy, independent extension suite, and compliance. The following is the development history of Digital Asset since its establishment 11 years ago: Reference: Digital Asset official website Team Background Digital Asset's leadership team has a strong background in finance, technology and blockchain. Co-founder and CEO Yuval Rooz: Prior to founding Digital Asset, Yuval Yuval managed electronic algorithmic trading at DRW before joining DRW Investment Group and was a trader and developer at Citadel. Yuval Yuval is also a board member and treasurer of the Global Synchronizer Foundation. It is worth mentioning that Yuval Yuval was a member of the Digital Asset Markets Subcommittee of the Global Markets Advisory Committee of the US Commodity Futures Trading Commission (CFTC). Co-founder Don Wilson: Don Wilson founded DRW, a multi-asset trading firm, in 1992 and has grown to more than 2,000 employees worldwide, expanding its portfolio to crypto assets (through Cumberland), real estate investment (Convexity), venture capital (DRW VC), and carbon financing solutions (Artemeter). Co-founder and Head of Network Strategy Eric Saraniecki: Prior to joining Digital Asset, Eric built a trading platform focused on illiquid commodity markets at DRW Trading and co-founded Cumberland Mining. Co-founder and COO Shaul Kfir: Worked as CTO at two startups in Tel Aviv and has a background in cryptography. CTO Ratko Veprek, co-inventor of the DAML language, joined Digital Asset after Digital Asset acquired Elevence in 2016 and served as Director of Engineering at Canton before being promoted to CTO. Canton Network: A 3D breakthrough in privacy, extensions and compliance Canton Network is a global blockchain network designed for financial institutions, and equipped with privacy protection features, it can connect multiple independent applications built using Digital Asset smart contract language Daml, thereby connecting traditional finance and DeFi, helping traditional financial institutions achieve real-time synchronization of assets, data and cash in different applications. At the same time, the Canton Network enables each application provider to define privacy, extensions, permissions, and governance for their applications. The core positioning of Canton Network is "Network of Networks", which is committed to providing a more suitable decentralized infrastructure for financial institutions and enterprise applications. Technical foundation: Daml language: functional smart contract language, built-in permission management and modular design, support cross-application workflow composition. Canton protocol: Implement the ledger model of Daml, coordinate the order of transactions through synchronization domains, and support multi-subnet atomic transactions. Core features: 1. Privacy and selective transparency Through the DAML smart contract language, the data is confidential by default, which is only visible to authorized parties and meets the privacy needs of financial institutions and enterprises. Support "sub-transaction privacy", different parties can only view the part of the transaction that is relevant to them. 2. Independent expansion suite Applications do not need to compete for global resources, and can independently expand the suite to avoid network congestion caused by the high load of a single application. Using sharding technology, each participant stores only the ledger view related to it, improving the overall network throughput. 3. Flexible governance, interoperability and composability Application providers can customize governance rules, permissions, and fee structures, while supporting atomic transactions across subnets. Heterogeneous networks are interconnected through "sync domains", similar to the open architecture of the Internet. 4. Proof-of-Stakeholder consensus with privacy Canton uses a "proof-of-stakeholder" layered protocol (transaction verification layer and sorting layer). The first stage is a two-stage submission agreement, where the contract is copied to the relevant stakeholders and the parties verify the transaction in parallel; The second stage is the sequencing protocol, which determines the timestamp for the transaction. The ordering protocol is executed through the Byzantine Fault Tolerance (BFT) algorithm to ensure the certainty of transaction processing and enable all nodes in the network to agree on the order and state of transactions. 5. Compliance design Support data storage and pruning to comply with regulations such as the EU General Data Protection Regulation and GDPR, while ensuring the immutability of historical data through encryption commitments, and retaining key audit proofs. Canton Global Synchronizer and Canton Coin As mentioned earlier, blockchain applications in the Canton network can use Global S...