Cryptocurrency exchange platform Binance has invested in a first round for Oasis Labs, based on research by Dawn Song at UC Berkeley.

Oasis Labs, a US-based blockchain-based cloud computing platform based on research at University of California (UC) Berkeley, has received $45m in funding from investors including cryptocurrency exchange platform Binance.

The round also featured crypto asset management firms Electric Capital and Polychain, crypto asset hedge funds Metastable and Pantera, and venture capital firms Accel, Data Collective, Foundation Capital and Andreessen Horowitz, the latter through its a16zcrypto vehicle.

Oasis Labs is developing a high-performance cloud computing platform on the blockchain that is…