Two new funding rounds from Corastone and Zcash Open Development Lab demonstrate a maturing blockchain infrastructure for real-world scale, private markets, and privacy-first payments.
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- Colastone has gathered support from the likes of Fidelity and Hamilton Lane to run a private permissioned blockchain as a shared infrastructure for private market workflows.
- Zcash Open Development Lab has secured over $25 million from Paradigm, a16z crypto, Winklevoss Capital, and more to expand Zcash’s privacy ecosystem.
- ZODL’s wallet, rebranded from Zashi, helped grow Zcash’s Orchard shield pool. $ZEC Shares traded around $240.98 as investors evaluated the new roadmap.
Two very different rounds announced this week point in the same direction. That means blockchain infrastructure is being rebuilt for scale, not hype. In New York, Colastone, a self-described “hyperscaler of private market investing,” announced that Fidelity Investments, Future Standard and Hamilton Lane have joined Apollo, Franklin Templeton, KKR and Morgan Stanley as investors in its operating platform. The company runs a private, permissioned blockchain that serves as a “shared network infrastructure and data standard for private market workflows,” replacing traditional file-based processes with straight-through processing for asset managers, distributors, and custodians.
“As access to private markets continues to expand, enterprises need a standardized digital infrastructure that supports higher volumes and more complex structures without increasing operational burden,” said Hamid Gaibov, co-founder and president of Corastone. He added that “Corastone was built to serve as a common operating layer for the ecosystem,” claiming that the goal is to “enable investors of all sizes to access private market assets as efficiently and reliably as public markets.” Hari Moorthy, Future Standard’s CTO, framed the bet in similar terms, saying the company “recognized a need in the market for infrastructure technology that connects the various point-to-point systems used by investors and enables true straight-through processing of trades,” adding that the company’s investment “reflects our confidence in the platform’s long-term role.”
On the privacy front, Zcash Open Development Lab (ZODL) revealed that it has raised over $25 million in seed funding from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, and others to build the Zcash ecosystem. Founded by former Electric Coin Company CEO Josh Swihart, ZODL now houses the technology behind the Zash wallet, was rebranded to Zodl, and helped grow Zcash’s Orchard shielded pool from around 1 million. $ZEC up to approximately 4 million $ZEC By simplifying the privacy UX, it will become a reality in 2025. Cypherpunk Technologies, which also invested $5 million in the round, said the deal “gives shareholders exposure to private companies building critical privacy infrastructure on the front lines” and aligns with the company’s mission to “advance technology that guarantees privacy for everyone on the internet.”
At the time of writing, Zcash was trading around $240.98, up about 3.8% from the stock price. last 24-hour volume was around $346.4 million as investors digested the new funding and infrastructure roadmap. For more detailed pricing data, visit crypto.news’ Zcash (ZCASH) pricing page.
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