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Kyo Finance Secures $5M Series A Funding Led by Castrum Istanbul and Partners

Kyo Finance’s $5 million Series A round, backed by Castrum Istanbul, TBV, and BZB Capital, values the firm at $100 million and supports its goal of unifying DeFi liquidity.

Summary

Kyo Finance officially announced it has completed a $5 million Series A funding round at a $100 million valuation, led by Castrum Istanbul, TBV, and BZB Capital. The protocol aims to create a single liquidity layer to remove boundaries between blockchains and simplify decentralized finance operations.

Terms & Concepts
  • Series A funding: An early-stage investment round aimed at scaling a startup’s operations following initial seed funding.
  • Liquidity layer: A unified financial infrastructure that enables seamless asset movement and exchange across different blockchain networks.
  • DeFi: Short for decentralized finance; blockchain-based financial systems removing intermediaries for lending, trading, and other transactions.