Blockchain firm Movement Labs targets $3 billion valuation in funding round, source says

Quick Summary:

:Movement Labs is raising fresh capital in a round that could fetch $100 million and value the blockchain developer at $3 billion, according to a source familiar with the matter said on Wednesday.

Funds from the current round will be used to improve its product, expand its footprint in the Asia Pacific region and hire an additional team.

Startups in the crypto space are regaining favor among investors as regulatory pressures ease and the market rebounds from its post-FTX crisis lows.

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Category: EconomyBusiness

Markets: Singapore

Topics: Coinfund Source Blockchain Labs Howard Comment Billion Million According Capital Brevan

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 21:26:58 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 281 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24986799

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