YZi Labs invests in bitcoin capital markets Avalon Labs
2025-05-26 14:00:46
YZi Labs announced that it has invested in Bitcoin's Avalon Labs, which is dedicated to building Bitcoin's native on-chain capital markets. Avalon currently serves over 20,000 BTC, has over 300,000 active users, and has a total lock value of over $500 million. Its bitcoin stablecoin USDa has become the second largest CDP project on DeFiLlama. Avalon plans to use the new round of financing to drive compliance and institutional business expansion, with the goal of becoming the first regulated Bitcoin on-chain Financial Institution Group.
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