R.J. O’Brien, Phlo Systems Strategically Partner with an Equity Investment

R.J. O’Brien & Associates (RJO), the oldest independent futures brokerage and clearing firm in the United States, and Phlo Systems, a leading provider of digital solutions for commodity trading, trade finance and international trade compliance, today announced that the firms have entered into a strategic technology partnership, which includes an equity investment by an affiliate of RJO in London-based Phlo Systems. Terms of the investment were not disclosed. The move is the first strategic partnership and investment...

Nextrope Secures Funding to Build an AI Model for Web3 Security

Blockchain security is evolving, and Nextrope is leading the way with an AI-driven platform designed to audit and enhance smart contract security. With a project value of $1 million, this initiative is set to raise the standards of Web3 security. The development is co-financed by the Polish Agency for Enterprise Development (PARP) under the European Funds for a Modern Economy program. AI-Powered Protection for Smart Contracts As DeFi, DAOs, and Web3 applications continue to grow, smart contracts remain vulnerable to...

Binance Labs Rebrands to YZi Labs

Binance Labs today announced its rebrand to YZi Labs. It is fitting to step away from the Binance brand name as it expands its investment focus, moving beyond crypto and blockchain to include Artificial Intelligence (AI) and biotechnology (biotech), while remaining steadfastly dedicated to advancing Web3 innovation. The rebrand is a natural progression for the business. For years, the organization has operated independently while leveraging on the Binance brand name. Now, as CZ has stepped...

Reown Raises $13 Million to Build the Onchain UX Platform

Reown (formerly known as WalletConnect) today announced it has closed a $13 million Series B funding round. Best known as the builders of the WalletConnect Network, Reown is leading the charge in improving onchain UX. The round was led by USV and 1kx and also included Global Digital Asset Holdings (a joint venture investment vehicle established by SC Ventures and SBI Holdings), Shopify Ventures, Kraken Ventures, Crypto.com Capital, Figment, Kiln, Everstake, BitGo Ventures, and Fenbushi....

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