Two new funding rounds for Corastone and Zcash Open Development Lab show that blockchain infrastructure is maturing for real-world scale, private markets and the first privacy payments.
Conclusion
- Corastone has backed Fidelity, Hamilton Lane and others to launch a permissioned blockchain as a shared infrastructure for private market workflows.
- Zcash Open Development Lab has received over $25 million in funding from Paradigm, a16z crypto, Winklevoss Capital and others to expand the Zcash privacy ecosystem.
- Zashi’s rebranded ZODL wallet helped expand Orchard’s protected Zcash pool, while ZEC traded near $240.98 as investors evaluated the new map.
The two very different rounds announced this week point in the same direction: the blockchain infrastructure is being rebuilt for scale, not gimmicks. In New York, Corastun, which describes itself as a “hyperscaler for private market investing,” said Fidelity Investments, Future Standard and Hamilton Lane have joined Apollo, Franklin Templeton, KKR and Morgan Stanley as investors on its operating platform. The company runs a private permissioned blockchain that acts as a “shared network infrastructure and data standard for private markets workflows,” replacing legacy file processes with direct processing for asset managers, distributors and administrators.
Hamid Ghayibov, co-founder and president of Corastone: “As the scale of access to private markets continues, companies need a standardized and digital infrastructure that supports greater volumes and complex structures without adding operational burden.” “Corastone is built to serve as a common operating layer for the ecosystem,” he said, adding that the goal is to enable “investors of all sizes to access private market assets as efficiently and reliably as public markets.” Future Standard’s CTO Hari Murthy described Betting in similar terms, saying the company “identified a need in the market for infrastructure technology that connects the various point-to-point systems used by investors and enables real-time real-time transaction processing,” adding that its investment “reflects our long-term confidence in our platform.”
On the privacy side, Zcash Open Development Lab (ZODL) revealed that it has raised over $25 million in funding from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures and others to build the Zcash ecosystem. Founded by former Electric Coin CEO Josh Swihart, ZODL now powers the technology behind the Zashi wallet, rebranded as Zodl, which has helped grow the protected pool of Zcash from around 1 million ZEC to around 4 million ZEC in 2025 by simplifying the privacy UX. Cypherpunk Technologies, which also invested $5 million in the round, said the deal “will give its shareholders a private company that is building critical privacy infrastructure at the border” and aligns with its mission of “advanced technologies that guarantee the privacy of all people on the Internet.”
At press time, Zcash was trading around $240.98, up about 3.8% against the $ the end 24 hours, with 24-hour volume of around $346.4 million, as investors digested the new financing and infrastructure roadmap. For detailed price information, see the crypto.news price page for Zcash (ZCASH).
