partner

Yala has reached a strategic partnership with Centrifuge to unlock new scenarios for BTC earnings

ChainCatcher news, Bitcoin's native liquidity layer Yala today announced a strategic partnership with RWA credit leader Centrifuge. Through this collaboration, Bitcoin holders can seamlessly access the tokenized real asset yield market of compliant asset management firm Anemoy via the Yala RealYield platform, capturing stable cash flows while maintaining on-chain security, opening up new opportunities for Bitcoin liquidity.As a core infrastructure in the RWA tokenization space, Centrifuge has been empowering asset managers since 2017 to achieve on-chain tokenization and compliant operations of traditional assets. Centrifuge and Yala are highly aligned in their mission to expand the utility of Bitcoin—not just as a "store of value" tool, but as a bridge connecting a broader financial ecosystem.As a native Bitcoin liquidity protocol, Yala innovatively channels BTC liquidity into the compliant stablecoin USDC, thereby connecting to the institutional-grade RWA yield opportunities created by Centrifuge. These yield opportunities are integrated into Yala's structured RWA yield market RealYield, providing users with a matrix of RWA products with varying risk levels, investment periods, and returns.Yala co-founder Kaitai Chang emphasized that the collaboration marks a historic milestone in connecting decentralized Bitcoin capital with regulated real-world asset markets. "By integrating Centrifuge's RWA infrastructure with Yala's BTC liquidity pool, we are unlocking institutional-grade yield strategies for Bitcoin and reconstructing the value transmission efficiency of crypto capital."

Due to weakened support from external partners, the Brazilian CBDC pilot project Drex is hindered in its privacy solutions

ChainCatcher news, according to Bitcoin.com, Brazil's central bank digital currency (CBDC) pilot project Drex is facing difficulties as the resources allocated to the project have decreased, slowing down its progress and hindering development.The two largest companies involved in designing the project's privacy solutions—Microsoft and Ernst & Young—have recently reduced their manpower dedicated to these efforts. This deadlock is related to the central bank's recent actions, as it ended the second phase of the Drex pilot without approving any projects submitted by participants. The privacy proposals that needed to ensure transaction confidentiality while allowing regulatory review did not meet the central bank's requirements in this regard, leaving the Drex project currently stalled.Ernst & Young, which is responsible for the Starlight privacy project, has lost three personnel involved in the development of this solution. Meanwhile, after investing significant resources last year, Microsoft has also reduced its involvement in the ZKP Nova privacy proposal. However, Microsoft's partner Hamsa will continue to test and support ZKP Nova.Central bank executive secretary Rogerio Lucca recently pointed out that the team behind Drex is still researching the project's future. He stated, "Based on the ongoing test results, the technical team is currently discussing possible future steps for the project." However, he did not disclose the test results.
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