Ark Labs completes $5.2 million seed round funding, with Tether participating

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Odaily Planet Daily reports that Ark Labs, a provider of Bitcoin-based programmable financial application infrastructure, has announced the completion of a $5.2 million seed round. Participants include Tether, Ego Death Capital, Epoch VC, Lion26, Sats Ventures, and Contribution Capital, along with Anchorage Digital, former PayPal Vice President of Finance Ralph Ho, and other digital asset and fintech investors. Ark Labs did not disclose the specific structure, start and end dates, or valuation after this round. The funds will be used to expand the infrastructure for programmable financial applications on Bitcoin (BTC). (The Block)

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