Yala has completed a $8 million seed round financing, led by Polychain Capital and Ethereal Ventures. According to Foresight News, Bitcoin liquidity protocol and stablecoin issuer Yala announced the completion of an $8 million seed round financing, led by Polychain Capital and Ethereal Ventures, with participation from Galaxy, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), SatoshiLab, UpHonest Capital, UTXO Management, and 280 Capital. The specific valuation has not been disclosed. The funds from this financing will primarily be used for team expansion, product development, and security enhancements, and to prepare for the mainnet launch. In addition, investors have also committed to collateralizing over 2,000 Bitcoins for Yala.

Foresight News reports that Bitcoin liquidity protocol and stablecoin issuer Yala has announced the completion of a $8 million seed round financing, led by Polychain Capital and Ethereal Ventures, with participation from Galaxy, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), SatoshiLab, UpHonest Capital, UTXO Management, and 280 Capital. The specific valuation has not been disclosed. The funds from this financing will primarily be used for team expansion, product development, and security enhancements, as well as preparations for the mainnet launch. Additionally, investors have committed to collateralizing over 2,000 bitcoins to Yala.

Yala has completed a $8 million seed funding round, led by Polychain Capital and Ethereal Ventures.