BNB Chain RWA project Renaiss raises $1.5M led by YZi Labs

Renaiss, a Real World Asset (RWA) liquidity infrastructure project on BNB Chain, has raised $1.5 million in a funding round led by YZi Labs, The Block reported. The round also saw participation from Gate Ventures, Hash Global, XIN Family, Redline Labs, and individuals associated with Mask Network. Renaiss is building an RWA infrastructure to connect physical collectibles with the blockchain. Through its proprietary RenaissOS system, the project aims to convert independent custodians and card shops into on-chain verification nodes, utilizing multi-signature technology to support the verification of the custody status of these physical assets.