VeChain Secures Institutional Backing With Draper Dragon and Fenbushi Capital Validator Roles

Source: CryptoNewsNet Original Title: VeChain Secures Institutional Backing With Draper Dragon and Fenbushi Capital Validator Roles Original Link: On December 9, Draper Dragon and Fenbushi Capital joined the VeChain ecosystem by becoming validators on the VeChainThor blockchain. This represents another significant development following the full launch of the Hayabusa upgrade and the DPoS consensus mechanism.

The Importance of Validator Participation

For VeChain, validators play a key role in building the network’s credibility. The onboarding of major industry players like Draper Dragon and Fenbushi Capital signals growing confidence among institutional participants.

“Joining the VeChain Validator Program reflects our confidence in a network built for real economic impact,” said Andy Tang of Draper Dragon. Fenbushi Capital’s Bo Shen shared that sentiment, noting VeChain’s ongoing work to deliver value at a global scale. The validator set now includes a total of 19 participants joining through Rendo’s staking system.

VeChain’s governance model partners with top organizations that focus on accountability and discipline, distinguishing it from other blockchain platforms. This approach addresses the needs of enterprises and government partners evaluating blockchain for real-world, regulated use cases. The onboarding of these institutional validators will strengthen VeChain’s foundation and reinforce its emphasis on long-term, sustainable growth.

The Hayabusa Upgrade: Technical Advancement

The VeChain team rolled out the Hayabusa upgrade, bringing key technical updates to the mainnet. Hayabusa improves consensus efficiency, boosts scalability, and enhances economic sustainability. VeChain CEO Sunny Lu commented:

“Hayabusa represents a forward step for the VeChainThor blockchain and the growing ecosystem that depends on it. Welcoming Draper Dragon and Fenbushi Capital as validators reinforces the strength of our governance model and the confidence leading institutions have in VeChain’s long-term vision.”

The update introduces features useful for applications including digital product passports, sustainability tracking, supply-chain automation, and real-world asset tokenization. A notable change under Hayabusa is that all VeThor (VTHO) gas rewards are now distributed exclusively to stakers. Non-staking wallets can no longer generate VTHO passively. This change increases yields for participants willing to secure the network while also restricting the circulating supply.