LayerBank’s $2.3 million Pre-Seed round, backed by investors including Torab Torabi, DVchain, Taiko, and Rootstock, will drive ULAB token development and expanded DeFi tool offerings.
LayerBank announced it raised $2.3 million in Pre-Seed funding from Torab Torabi, DVchain, Taiko, and Rootstock to accelerate ULAB token development. According to the company’s official statement, funds will be used for ve rewards, fee rebates, buybacks, and lock mechanisms, alongside advancing user-focused DeFi tools. The financing marks a strategic step toward the token’s ecosystem build-out and supports LayerBank’s roadmap.