December 10, 2024
ProvLabs has announced the completion of its seed funding round, marking a significant step in its development as a standalone entity following its separation from the Provenance Blockchain Foundation. The funding was co-led by Morgan Creek Digital and GateCap Ventures, with support from a diverse group of investors, including Animoca Brands, BlockChange Ventures, and CMT Digital. Contributions also came from Figure Assets and the Provenance Blockchain Foundation.
The company provides blockchain infrastructure tools designed to facilitate the tokenization and management of assets. Its offerings include ProvConnect for blockchain integration, Asset Manager for overseeing digital asset lifecycles, BlockVault for managing sensitive information, and Trade and Transfer for settlements and exchanges. These services are built to cater to various use cases, ranging from financial services to digital identity verification.
ProvLabs operates within the Provenance Blockchain ecosystem, which is recognized for its focus on financial applications. The network has $13 billion in financial assets locked on-chain and has processed transactions exceeding $40 billion. The company aims to address the growing demand for blockchain-based asset management solutions as financial markets increasingly adopt tokenization strategies.
About ProvLabs
ProvLabs develops blockchain infrastructure solutions tailored to meet the needs of financial institutions and fintech companies. The company focuses on enabling the deployment and management of real-world assets, offering scalable tools for blockchain integration and digital asset management.
Website: https://provlabs.io/
X: @provlabs
About Investors
Morgan Creek Digital
Morgan Creek Digital is a venture capital firm specializing in blockchain and digital assets.
Location: North Carolina, USA
GateCap Ventures
GateCap Ventures is an investment firm supporting high-growth opportunities in sectors such as blockchain and financial technology.
Location: Austin, Texas
Website: https://gatecapventures.com/
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