YZi Labs has led a strategic funding round of 25.5 million USD for Sign, with participation from IDG Capital.
Earlier in January, Sign raised 16 million USD from YZi Labs, which was also the first investment of this fund after splitting from Binance. To date, Sign has raised a total of over 55 million USD through three rounds: seed, Series A, and strategic.
According to CEO Xin Yan, Sign – a digital infrastructure construction company – will use new funding to expand its technical team, seek talent in the field of Hyperledger Fabric, proof of non-knowledge, and interoperability between blockchains, while also establishing teams in each country.
The capital will also support the expansion of partnerships to promote the development of blockchain infrastructure for sovereign nations. Currently, Sign is working with Thailand, South Korea, and several leading technology countries in Central Asia and the Middle East.
Yan stated that Sign's goal is to implement a national-level digital currency system, expecting to surpass competitors like Ripple or Solana. Additionally, Sign is also acquiring SIGN tokens on the open market and through private agreements.
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