Dubai – Sharikat Mubasher: ORO Labs, a tokenized gold protocol on Solana, announced raising $1.5 million in pre-seed funding to turn gold into a liquid, income-generating asset.
Led by 468 Capital with participation from Fasset and investors linked to Solana projects like Phantom and Jupiter, the funding will help ORO expand its offerings and deepen integrations, according to a recent press release.
ORO enables gold holders to earn yield, borrow against their gold, and trade gold-backed assets with instant settlement. Built on Solana’s fast, low-cost network, ORO makes gold a dynamic financial tool.
The UAE’s gold trade position makes it a strategic hub for ORO, which recently signed an MoU at ADGM in the presence of Thani bin Ahmed Al Zeyoudi, UAE Minister, and Jörg Kukies, Germany’s Minister of Finance to promote tokenized gold adoption.
ORO is partnering with Fasset to expand across the UAE, Malaysia, Bahrain, Indonesia, and Turkey, and will launch on Fasset’s Layer 2 network, Own, later this year.
