Primus Labs secures investment from YZi Labs

On-chain finance-focused privacy data verification infrastructure provider Primus Labs said through its official channel that it had secured an investment from YZi Labs, formerly Binance Labs. The investment amount was not disclosed. Primus said the investment also gives it support from YZi Labs’ startup incubation program, EASY Residency. Primus added that the backing reflects YZi Labs’ confidence in the company as it builds privacy infrastructure for on-chain finance. The company also said it has launched Primus Confidential Vault on BNB Chain, allowing users to deposit private assets into on-chain finance and generate yield through fully homomorphic encryption, or FHE.