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LayerBank Completes $2.3 Million Pre-Seed Funding Round with Participation from Taiko and Others

Summary: According to reports, LayerBank has announced the completion of a $2.3 million Pre-Seed funding round, with participation from Move Industries CEO Torab Torabi, Coin Bureau Chinese, DVchain, Taiko, Rootstock, and several angel investors and ecosystem contributors. The new funds will be used to advance the development and release of its native token ULAB, designed as ...

According to reports, LayerBank has announced the completion of a $2.3 million Pre-Seed funding round, with participation from Move Industries CEO Torab Torabi, Coin Bureau Chinese, DVchain, Taiko, Rootstock, and several angel investors and ecosystem contributors. The new funds will be used to advance the development and release of its native token ULAB, designed as the foundation for a long-term value capture and incentive model. LayerBank plans to hold its Token Generation Event (TGE) on the Movement Network. LayerBank is a universal liquidity and on-chain currency market, currently supporting over 150 markets on more than 17 chains, aiming to provide lending and yield strategies through a unified chain abstraction experience.

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