YZi Labs has invested in Sign, an on-chain infrastructure for token distribution and credential verification. Sign is aggregating verified credentials on-chain to build a larger network, creating a more transparent and safer token distribution infrastructure.
By focusing on everyday applications such as contract signing with EthSign, token distribution and management through TokenTable, and on-chain credential verification using Sign Protocol, Sign is paving the way for the mass onboarding of billions of Web2 users into Web3, one application at a time.
Founded in 2021, Sign has grown into a leading token distribution platform, creating a transparent and safe way for humans and AI agents to receive tokens. Its omni-chain attestation protocol is now serving a growing number of use cases as the company reported $15 million in revenue in 2024, as per the company’s declarations in December 2024. Sign is trusted by over 200 projects, including Movement, Starknet, and ZetaChain.
Sign plans to use the fresh funds to expand partnerships with centralized exchanges and governments, explore AI-driven applications, and launch its native token to strengthen its ecosystem.
“Sign’s vision for mass Web3 onboarding aligns with YZi Labs’ commitment to pushing the boundaries of transformative innovation and driving innovation across the Web3 ecosystem and beyond. By connecting real-world credentials to blockchain networks, Sign is building transformative infrastructure for transparency and trust. We are excited to support them in scaling this technology to a global audience,” said Nicola Wang, Investment Director at YZi Labs.
“We’ve nailed how to distribute tokens. Now, we’re focusing on who to distribute tokens to. Blockchain is evolving into a global offshore financial hub, and our mission is to make it safer and more trusted,” said Xin Yan, Co-Founder and CEO of Sign. “We’re thrilled to have YZi Labs’ support as we work to revolutionize token distribution and credential verification.”
About YZi Labs
YZi Labs is focused on transformative technologies. YZi Labs invests in all-stage ventures with strong fundamentals within Web3, Artificial Intelligence, and biotechnology, empowering visionary founders to build for long-term impact.
YZi Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of YZi Labs’ portfolio companies have gone through our incubation programs. For more information, follow YZi Labs on X.
About Sign
Sign is building smarter, more transparent systems for global token distribution and credential verification.
Sign’s flagship product TokenTable powers the core of the crypto economy: token issuance and distribution. To date, TokenTable has secured more than $4 billion in token airdrops and unlocks, reaching 40 million users and investors. Over 200 projects are using TokenTable, including Movement, Starknet, ZetaChain, DOGS, and Mocaverse, as well as their investors.
Sign Protocol, Sign’s omni-chain attestation system connecting real-world credentials to on-chain addresses, is accelerating the merge of crypto and the real economy. In 2024, Sign onboarded its first government user, Sierra Leone, which is using its system to verify e-visas.
Founded in 2021, Sign previously raised $14 million from all three branches of Sequoia Capital (US, India, China) with additional backing from Circle, HackVC, Amber and others. Its team of cryptographic and computer science experts hail from Harvard, Cornell, Columbia, UC Berkeley and USC.
For more information, follow Sign on X.