ChainCatcher news, according to The Edge Malaysia, Malaysia's fifth licensed digital asset exchange Hata Digital Sdn Bhd has successfully raised $4.2 million (18.07 million MYR) in seed funding, which is planned to be used for expanding new products and growing its user base in the Asia region.This round of financing was led by American venture capital firms Castle Island Ventures and Cadenza Venture, with participation from global cryptocurrency exchange Bybit, Singapore investment firm AP Capital, American venture capital firm Plug and Play Tech Center, and crypto accelerator Alliance.xyz.Hata CEO David Low stated that support from internationally renowned institutional investors will help the company build a stronger digital asset trading platform in Malaysia and Asia, enhancing user confidence. Castle Island founding partner Nic Carter believes that Southeast Asia is a core market for global cryptocurrency adoption, and Hata has a strong competitive advantage with its differentiated products and compliance strategies.

ChainCatcher news, according to The Block, the Bitcoin re-staking platform SatLayer, built on Babylon, announced the completion of an $8 million Pre-Seed funding round, led by Hack VC and Castle Island Ventures, with participation from Franklin Templeton, OKX Ventures, Mirana Ventures, Amber Group, Big Brain Holdings, CMS Holdings, and others.As the first Bitcoin re-staking platform built on Babylon, SatLayer allows users to re-stake their Bitcoin and Bitcoin liquid staking tokens minted based on Solv Protocol, Lombard, Bedrock, pStake, and PumpBTC, to protect Bitcoin validation services (BVSs). SatLayer co-founder Luke Xie stated that there are no formal plans yet for a native token that may be launched in the future.

ChainCatcher news, according to Fortune, the crypto lending platform Arch has announced the completion of a $5 million seed round financing, led by Morgan Creek Digital and Castle Island Ventures. At the same time, Galaxy is providing $70 million in debt financing. This funding will be used to serve institutional clients and individual investors.Arch was founded in February 2022 by finance veterans Dhruv Patel and Himanshu Sahay, aiming to revitalize the crypto lending industry that has been hindered by the collapse of companies like BlockFi and Genesis.Max Bareiss, Vice President of Galaxy's lending division, revealed plans to securitize the debt financing, allowing institutional investors to purchase and trade it on the secondary market through crypto-native channels. Arch currently has 5 full-time employees and plans to expand its team, with plans to launch additional investment products later this year.

ChainCatcher news, the liquid staking protocol Kintsu has completed a $4 million financing round, led by Castle Island Ventures. Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, CMS Holdings, Animoca Ventures, and angel investors Alex Matthews and Ross Trachtman from Brevan Howard Digital, Marin Tvrdic from Lido, and Robinson Burkey from Wormhole Foundation also participated.Kintsu is a liquid staking protocol founded by Novenstern last year, who previously served as the strategic lead for the decentralized exchange Pangolin on the Avalanche blockchain.Additionally, Kintsu's sMONAD liquid staking token will be launched in the first week after Monad's release. The Monad mainnet is expected to launch sometime this year.

ChainCatcher news, according to Chainwire, blockchain data management startup SendBlocks announced the completion of $8.2 million in seed funding, led by Castle Island Ventures, with participation from Pitango, Illuminate Financial, Laser Digital (Nomura), and Starkware.It is reported that SendBlocks allows blockchain enterprises, ecosystems, protocols, and applications to define the data that is important to them, and its platform supports customization.

ChainCatcher news, digital asset security company Station70 recently announced the completion of a $5 million seed round financing, led by Matt Walsh and Castle Island Ventures, with participation from Notation Capital, Semantic Ventures, SCB 10X, and CoinShares.It is reported that Station70 has officially launched its cornerstone disaster recovery platform Bunker. Bunker aims to simplify the key backup and recovery (KBR) process, helping institutional clients address a wide range of trust and security challenges related to digital asset security and accessibility. Bunker will offer both standard and enterprise configurations, with the enterprise version providing advanced configurations, customized compliance features, regulatory and audit reports, as well as insurance and other value-added services. In addition, Station70 also offers Recovery Response Services (RRS) for enterprise clients to assist in establishing a resilient failover architecture.Adam Healy, founder and former Chief Information Security Officer (CISO) of Station70, stated that institutions generally face challenges in managing private keys when self-custodying assets. Station70's mission is to provide the necessary tools for the industry to help institutions quickly enhance business continuity. They will collaborate with numerous high-quality wallet providers, especially Fireblocks, to build an industry ecosystem where trust and security are core features.In the coming weeks, Station70 will conduct tests of Bunker with several clients, aiming to launch a public version as soon as possible.

ChainCatcher news, the EVM-compatible Bitcoin Layer 2 network BOB has announced the completion of a $10 million seed round financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, and UTXO Management.It is reported that BOB (Build On Bitcoin) is an EVM rollup stack with native Bitcoin support. Developers build decentralized applications on top of Ordinals, Lightning, and Nostr.

ChainCatcher news, digital asset data provider PYOR announced the completion of a $4 million seed round financing, led by [Castle Island Ventures](https://www.rootdata.com/zh/Investors/detail/Castle Island?k=MjY0), with participation from Hash3, Antler, Future Perfect Venture, Force Ventures, CoinSwitch Ventures, Coinbase Ventures, and angel investor Balaji Srinivasan.PYOR plans to use this funding to establish its digital asset interpretation layer and accelerate global institutional participation in digital assets, driving the expansion of its core infrastructure and product platform. Additionally, these funds will be used to expand the team and hire new talent. (Source link)

ChainCatcher news, according to Fortune, cryptocurrency forensics and cybersecurity company CAT Labs has completed a $4.3 million funding round, with participation from Castle Island Ventures, Brevan Howard Digital, CMT Digital, RW3 Ventures, and Newark Venture Partners.It is reported that CAT Labs founder Lilita Infante served as a special agent for the U.S. Department of Justice for 10 years and created the first-ever federal task force focused on cryptocurrency. Its specific business is to help government clients recover cryptocurrency assets from crypto evidence and to assist the private sector in preventing the theft of crypto assets and protecting their infrastructure. (Source link)