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According to The Block, Uniform Labs, the developer of the tokenized asset settlement platform Multiliquid, has raised $8 million across pre-seed and seed rounds. Polychain led the latest seed round, with participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures. The exact allocation of the funding between the two rounds and the company's valuation have not been disclosed.
Odaily News — The funding round was led by Blockchain Capital, with participation from Janus Henderson, Strobe Ventures, Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern also participated in the investment. Tare plans to develop loan management software on Avalanche, creating digital records for loans and automating back-office processes such as record-keeping, payment distribution, and transaction verification, in order to consolidate fragmented private credit business processes and reduce intermediary and operational costs.