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Axal Secures $2.5M in Pre-Seed Funding to Forge Verifiable Agent Network
Axal — a blockchain innovator developing a network for verifiable autonomous agents — today announces that it has secured a $2.5 million pre-seed funding to expand its team and develop the core architecture behind its generalized intent creation, coordination, and verification system.
Led by CMT Digital — a leading global venture capital firm focused on early-stage investments that accelerate the adoption of blockchain technology — this funding round also saw participation from a16z Crypto Startup School, Escape Velocity, IDG Vietnam, Artichoke Capital, Trident Digital, Blockchain Builders Fund, Blockhunters Group, Echo, and the Mentat Group, in addition to angel investors such as Rushi Manche, Darius Rugys, and Comfy Capital.
As part of Movement Labs’ Move Collective accelerator program, Axal is actively building to deploy on Movement’s home chain at launch, where it will support Movement DeFi applications like Meridian and Echelon with verifiable agents.
Building on the pioneering work of UniswapX, Across, and other leaders in the intents space, Axal expands intent use cases beyond swaps and bridging to complex, multi-step automations. By sourcing and verifying intelligent agents for complex tasks like user engagement or DeFi yield management, users can reliably “outsource” entire processes to competitive markets.
“Imagine a world where you can state a request, no matter how complex or time consuming, and an agent immediately fulfills it with guarantees they did it correctly,” said Ash Ahmed, Founder of Axal. “This is a magical yet totally possible future when one combines the abstraction power of intents, the trust guarantees of blockchains, and competitive markets of agents (AI or human). Axal is building for this future.”
“Axal’s vision represents a paradigm shift in how we interact with blockchain technology,” said Sam Hallene, Investment Partner at CMT Digital. “Their focus on generalizing intents and verifying autonomous agents addresses crucial needs in our evolving digital world.”
Axal is launching their first product, Axal Autopilot, an agent-powered trading automation platform. Anyone who holds crypto can quickly spin up a strategy catered to their risk profile without worrying about tracking prices, tedious onchain swaps and bridging operations, or thinking about how to earn yield. This follows early success stories with closed beta partners like Gitcoin.
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Cake Wallet Integrates xStocks, Letting Users Invest in Stocks Using Crypto.
Cake Wallet, an open-source, privacy-focused crypto wallet, today announced the integration of xStocks, a new feature that allows users to invest in tokenized stocks and ETFs directly through Web3 self-custody.
BCP Launches Criptococos, the First Crypto Banking Platform in Peru, Powered by BitGo
Banco de Crédito del Perú (“BCP”), the largest bank and the largest supplier of integrated financial services in Peru, and BitGo, the digital asset infrastructure company, today announced the launch of Criptococos, the first banking platform in Peru, to enable the secure purchase and management of crypto assets. The launch is part of a pilot project authorized by the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS) and reflects BCP’s ongoing commitment to driving innovation in the financial system.
Bybit Secures UAE’s First Virtual Asset Platform Operator License from Securities and Commodities Authority
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced that it has officially secured the Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE).
The New Bitso: Redefining Its Identity and Launching a Global Stock Investment Product
After celebrating 11 years in the market, Bitso —Latin America’s leading digital financial services company— announced today a major transformation of its brand identity and communication strategy, based on a complete redesign of its application and the launch of a new financial product.
U.S. Bank Selected to Provide Custody Services for Reserves Backing Payment Stablecoins From Anchorage Digital Bank
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Bakkt, Castle Island FalconX and Galaxy Select Fireblocks Trust Company for Institutional Crypto Custody
Fireblocks Trust Company, the New York State-regulated qualified custodian powered by the Fireblocks platform, today announced that it has partnered with Bakkt, Castle Island, FalconX, Galaxy, and others, offering its custody solutions to support regulated digital asset strategies across the financial ecosystem. As digital asset ETFs and digital asset treasuries (DATs), protocol launches, and collateralized lending move into the regulatory spotlight, Fireblocks Trust Company has become a critical enabler for institutions seeking compliant, secure infrastructure.
Blockdaemon and Aave Labs Announce Strategic Partnership to Expand Institutional Access to DeFi
Blockdaemon, a leading U.S. headquartered institutional-grade crypto infrastructure company, today announced a strategic partnership with Aave Labs, a core technology contributor to the Aave Protocol, to bring seamless institutional access to decentralized finance (DeFi) lending markets. Together, two trusted names with long-standing security track records are joining forces to set a new benchmark for institutional DeFi.
EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
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FreedomPay Drives Global Merchant Innovation
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