Draper Dragon and Fenbushi Join VeChain as Institutional Validators
VeChain has appointed Draper Dragon and Fenbushi Capital as institutional validators on its network, a move announced after the Hayabusa upgrade opened the protocol to broader validator participation. Both firms are established investors in the crypto space, and their participation brings institutional weight to VeChain’s consensus layer without changing the core protocol mechanics.
The additions are significant for governance and network credibility: institutional validators can help diversify stake-holder representation, bolster security assumptions, and make VeChain more attractive to enterprise partners that value governance maturity. While validator changes do not guarantee token price effects, the shift underscores continued institutional interest in VET and may accelerate enterprise onboarding and developer activity on the chain. Observers will watch how these validators engage in on-chain governance and whether more firms follow suit.