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.
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CZ’s YZi Labs Ignites Avalon, Bitcoin DeFi’s $500M Ecosystem
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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
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