Avalon Labs will use the funding from YZi Labs to advance its goal to become the world’s first fully regulated on-chain Bitcoin financial institution by strengthening it’s regulatory compliance efforts across multiple jurisdictions

Quotes that support claims

In a blog post, the firm explains that with this new capital injection, Avalon is preparing to scale globally, targeting regulatory licenses across key markets and working with elite law firms to launch a fully regulated public fund.

The company plans to use this new capital to accelerate its institutional growth and secure regulatory licenses in multiple jurisdictions.

According to details shared by the Changpeng Zhao-led crypto VC firm, Avalon will use the new funding to strengthen its regulatory compliance efforts. This initiative supports the platform’s broader goal of expanding access to its Bitcoin backed products globally.