Lending protocol Echelon completes a $3.50 million seed round financing with Amber Group as the lead investor.

Foresight News reported that according to official sources, the decentralized lending protocol Echelon has announced the completion of a $3.50 million seed round financing, led by Amber Group, with strategic partners including Laser Digital, Saison Capital, Selini Capital, Interop Ventures, and Re7. The funding will be used to advance $DeFi lending on the Move-based blockchain. The Echelon protocol is developed using the $Move programming language and is targeted towards institutional markets on Movement, Aptos, Initia, and other Move-based blockchains.