ORO Labs Raises $1.5M in Pre-Seed Funding
Summary
The round was led by 468 Capital, with participation from Fasset and angel investors from leading Solana projects, including Phantom, Jupiter, Helium, Squads, Sanctum, Anza Labs, Perena, Bonk, and Forma, among others. The company intends to use the funds to expand its product offerings and deepen its integrations within both decentralised and traditional finance. Led by Usman Saleem, Co-Founder & CEO, ORO leverages Solana’s high-speed, low-cost infrastructure to allow users to earn real yield on their gold holdings, borrow against their gold to unlock liquidity, and trade gold-backed assets with instant settlement. ORO is partnering with Fasset to expand tokenised gold adoption across the UAE, Malaysia, Bahrain, Indonesia, and Turkey. In addition to funding, ORO also signed a Memorandum of Understanding (MOU) to expand tokenised gold adoption across the UAE and beyond, enhancing its strategic partnerships and regulatory compliance.