Primus Labs lands YZi Labs backing for on-chain privacy infrastructure

What's the deal? Primus LabsDealroom has a profile for this one. Try Dealroom →, which builds privacy data verification infrastructure for on-chain finance, has secured an undisclosed investment from YZi LabsDealroom has a profile for this one. Try Dealroom →, formerly Binance Labs. The company announced the deal through its official channel.

What comes with it? Beyond capital, the backing gives Primus access to YZi Labs' startup incubation program, EASY Residency. Primus said the investment reflects YZi Labs' confidence in it as it builds privacy infrastructure for on-chain finance.

What's the endgame? Primus also launched Primus Confidential Vault on BNB ChainDealroom has a profile for this one. Try Dealroom →. It lets users deposit private assets into on-chain finance and generate yield through fully homomorphic encryption, or FHE — a technique that allows computation on data while it stays encrypted.

The signal: The tie-up points to growing investor interest in privacy tooling for decentralised finance, where the transparency of public blockchains sits awkwardly with users who want their positions kept confidential.

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