LayerBank Secures $2.3M in Pre-Seed Funding Ahead of ULAB Token Launch on Movement Network

December 5th, 2025 – Seoul, South KoreaLayerBank has raised $2.3M in its Pre-Seed round, backed by leading builders and strategic partners shaping the next era of decentralized finance.Participants in the round include Torab Torabi (CEO of Move Industries), Coin Bureau Chinese, DVchain, Taiko, Rootstock, and several prominent angels and ecosystem contributors.The new capital fuels the development and launch of ULAB, LayerBank’s native token and the foundation of the platform’s long-term value capture and incentive model. Built with ve-boosted rewards, fee-driven value distribution, and sustained buyback-and-lock mechanisms, ULAB is designed to align user participation with the growth of the platform from day one.In parallel, the funding enables LayerBank to advance its roadmap of intuitive, automated, user-centric DeFi products-allowing users to access sophisticated yield strategies through simple, seamless interfaces.LayerBank’s Token Generation Event (TGE) will be hosted on Movement Network, making it one of the first ecosystem token launches on the network.This collaboration reflects a shared commitment to advancing DeFi innovation and expanding access to deep markets, stable borrowing conditions, and intuitive lending flows for users on Movement.About LayerBankLayerBank is the universal liquidity and on-chain money market powering the next era of decentralized finance.Supporting 150+ markets across 17+ chains, including EVM, MOVE, and BTC-based ecosystems, LayerBank delivers frictionless lending, borrowing, and advanced yield strategies through a unified, chain-abstracted experience.With a community of 693,000+ users, LayerBank enables scalable liquidity, capital efficiency, and real yield across both DeFi and RWA markets.About Movement NetworkMovement Network (The People’s Chain) is a secure and scalable blockchain designed to make Move programming accessible to developers everywhere. With high-performance execution and security, Movement delivers the infrastructure for the next generation of decentralized applications and unleashes opportunity and financial empowerment for anyone, anywhere.About Move IndustriesMove Industries is building a community-first Move-based blockchain ecosystem. Led by a team of industry veterans, Move Industries maintains a dual focus on technology and community. The organization intends to return to crypto’s radical roots: giving financial power and opportunity back to the people.ContactBusiness DirectorSharon YooDeracersharon@deracer.io