Thala Raises $6m Seed Round to Build DeFi Suite on Aptos

We are excited to announce our $6m seed round, co-led by Shima Capital, White Star Capital, and Parafi Capital, with follow-ons from BECO Capital, LedgerPrime, Infinity Ventures Crypto, Qredo, Kenetic, Big Brain Holdings, Karatage, Saison Capital, and Serafund, among other strategic investors.

Thala Labs began on a simple premise: to become the foundational pillar of the Aptos DeFi ecosystem. But now, our vision expands far beyond this.

With our goal of owning the DeFi stack on Aptos and beyond, we are excited to officially announce our seed round with a group of dedicated investors — each bringing their own expertise to Thala’s development.

Existing stablecoins run into a trilemma, forced to optimize for stability, decentralization, or capital efficiency. As a result, they fail in the face of centralized incumbents. However, as the most consequential use case of DeFi to date, their potential stretches far beyond the small vacuum that is the crypto industry today.

MOD, or Move Dollar, is an over-collateralized, yield-bearing stablecoin backed by a basket of on-chain assets. MOD’s diverse collateral base of liquid staked derivatives, liquidity pool tokens, deposit receipt tokens, and RWAs ensures its decentralized, censorship-resistant nature without compromising capital efficiency.

But a stablecoin cannot scale in isolation — this has been proven a hundred times over. Ownership of liquidity is the second piece of the puzzle, and has led us to begin the development of a product suite, starting with a rebalancer AMM.

Our raise is only the first step in realizing our vision of building a universal currency for all, and we’re excited to unveil our full roadmap in the weeks to come!

Disclaimer

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Thala Labs

Thala is DeFi protocol building a decentralized, yield-bearing stablecoin and the liquidity provisioning layer on Aptos.