Binance Labs - FinTecBuzz

Binance Labs Invests in Perena to Drive Stablecoin Adoption on Solana

Binance LabsDecember 12, 20244 min

Binance Labs has invested in Quine Co., the core contributor behind Perena, a leading stablecoin infrastructure protocol. Perena’s mission is to create a more decentralized, efficient, and accessible financial system by combining the best of DeFi innovation with traditional financial principles. Built natively on Solana, Perena leverages advanced financial engineering to bridge traditional banking efficiency with decentralized finance. By transforming stableswaps into liquid synthetic dollars, Perena aims to eliminate stablecoin ecosystem fragmentation and spread out...

Blockchain

Binance Labs Invests in Astherus to Boost DeFi Asset Yields

Binance LabsNovember 29, 20246 min

Binance Labs has invested in Astherus, a multi-asset liquidity hub dedicated to maximizing the real yield of crypto assets. By enhancing the utility of digital assets, Astherus empowers decentralized finance (DeFi) users with diverse opportunities to achieve sustainable profits and maximize returns. Astherus seeks to address inefficiencies in DeFi by focusing on maximizing the real yield of assets, offering sustainable and tangible returns while enhancing the utility and liquidity of digital assets within the ecosystem....

Security

Binance Labs Invests in Kernel to Advance BNB Chain Restaking Solutions

Binance LabsNovember 26, 20245 min

Binance Labs has invested in Kernel, the core restaking infrastructure on BNB Chain. Through restaking, Kernel will transform BNB's security into programmable and attributable trust for various crypto applications, services, and middleware.

Blockchain

Binance Labs Invests in Brevis to Boost Off-Chain Computation Tools

Binance LabsNovember 13, 20244 min

Binance Labs has invested in Brevis, a ZK-coprocessor platform that unlocks new use cases for apps by allowing verifiable, trust-free computations on historical on-chain data. Brevis’ flagship product, the ZK-coprocessor, empowers smart contracts to trustlessly access and run arbitrary computations on historical on-chain data, such as transactions, events, and states, enabling a wide range of use cases from user engagement and retention features to dynamic optimizations for DeFi dApps, intent automation and many more. Using...

Crypto Currencies

Binance Labs Invests in Lombard to Connect Bitcoin to DeFi

Binance LabsOctober 17, 20245 min

Binance Labs has invested in Lombard, the developer and distributor of LBTC, a security-first Bitcoin liquid staked token (LST) that allows both individual holders and large institutions to earn yield on their Bitcoin while leveraging their assets in DeFi. Through its collaboration with Babylon, Lombard aims to bridge the gap between Bitcoin’s economic value, security capabilities, and the dynamic opportunities within DeFi. Since its launch in August, Lombard has grown to hold 40% of the...

Crypto Currencies

Binance Labs Backs Sophon to Speed Web3 Adoption in AI, Games, and Media

Binance LabsOctober 4, 20247 min

Binance Labs has invested in Sophon, an ecosystem for entertainment applications in gaming, social, AI, prediction markets and beyond. With the grand vision of changing how users live, play, create, and connect in the internet economy, Sophon is laser-focused on creating seamless customer experiences. Sophon is able to achieve all this through the unique applications of the ZK Stack, such as native account abstraction, which is designed to provide a gasless experience. The zkSync codebase...

Investments

Binance Labs Invests in OpenEden for Growth in Tokenized DeFi Assets

Binance LabsSeptember 13, 20246 min

Binance Labs, the venture capital and incubation arm of Binance, has invested in OpenEden, a real-world assets (“RWA”) tokenization investment platform building the bridge to a new financial system. OpenEden as a group consists of a Monetary Authority of Singapore-licensed fund management company and a full-stack tokenization technology company. OpenEden’s tokenized U.S. T-Bill Fund (“TBILL”) is the first and only tokenized T-Bill product to receive an “A” rating from Moody’s, and is the largest of...

Blockchain

Binance Labs Invests in Solayer to Boost Solana Restaking Ecosystem

Binance LabsAugust 8, 20245 min

Binance Labs, the venture capital and incubation arm of Binance, has invested in Solayer, a leading restaking network on Solana. Their aim is to empower on-chain decentralized applications (dApps) with improved network bandwidth while securing the L1 at the same time. Built natively on Solana, Solayer leverages the economic principles of proof-of-stake to extend the security of Solana’s base layer towards other decentralized systems and dApps. This innovative approach enables users to participate in a...

Blockchain

Binance Labs Invests in Particle Network to Tackle Web3 Fragmentation

Binance LabsAugust 1, 20245 min

Binance Labs, the venture capital and incubation arm of Binance, has invested in Particle Network, the leading L1 solution for unifying all chains via Universal Accounts, addressing user and liquidity fragmentation in Web3. The number of blockchain networks is rapidly increasing, with a growing proliferation of L1 and L2 chains across various ecosystems. This chain-dense approach to scalability leads to highly fragmented user bases and liquidity, resulting in poor user and developer experiences alongside significant...

Blockchain

Binance Labs invests in aPriori to enhance MEV-Powered Liquid Staking

Binance LabsJuly 31, 20245 min

Binance Labs, the venture capital and incubation arm of Binance, has invested in aPriori, a project focused on Miner Extractable Value (MEV)-powered liquid staking solutions on Monad, a high-performance Ethereum-compatible L1 smart contract platform. aPriori’s mission is to decentralize Monad’s network and enhance the user experience by reducing gas fees, optimizing network traffic, and driving sustainable incentives for validators. Monad achieves its extreme performance with its fast finality and deferred execution, creating a design space...