Venture firm YZi Labs, formerly known as Binance Labs, has led a $16 million investment round for the infrastructure project Sign.
— YZi Labs (@BinanceLabs) January 28, 2025
This marks the first investment by the company under the leadership of founder and former Binance head Changpeng Zhao (CZ) following his legal issues with the U.S. Department of Justice and four months in prison.
Sign provides infrastructure for token distribution with recipient data verification: the EthSign service for contract signing, TokenTable for digital asset management, and Sign Protocol for verification. According to the developers, the system is designed for both humans and AI agents.
According to Sign, the protocol’s revenue for 2024 amounted to $15 million. The majority of this sum was generated through activities in the TON ecosystem projects such as Notcoin, Dogs, Gamee, and Hamster Kombat, which rely on TokenTable.
As reported by Fortune, in addition to YZi Labs, Altos Ventures, HackVC, and Amber Ventures also participated in the round.
In November 2024, CZ noted that blockchain is well-suited for handling AI data and urged the development of products at the intersection of these technologies.
In January 2025, Donald Trump ordered the development of a plan to advance AI in the United States.