Token

Movement

DeFi

Seoul, South Korea, December 5th, 2025, Chainwire 
<a href="https://layerbank.finance/" rel="noopener noreferrer nofollow">LayerBank</a> 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.&nbsp;
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.
<blockquote>
 Ray, CEO of LayerBank, commented: "We're thrilled to complete our first fundraising round and accelerate the rollout of products that are intuitive, automated, and genuinely useful for everyday users. $ULAB will serve as the economic engine of the LayerBank ecosystem, and this milestone brings us closer to unlocking the full potential of our incentive and value-accrual design."
</blockquote>
<blockquote>
 Torab Torabi, CEO of Move Industries added: "LayerBank represents the type of perseverance and loyalty that’s needed to succeed for both an app and for an ecosystem. Although LayerBank is live across multiple chains, they ultimately decided to call Movement, ‘The People’s Chain,’ home. $ULAB sets a strong precedent for how projects should approach value accrual back to users, especially in DeFi. We're proud of LayerBank's vision and excited to see them bring deep liquidity, RWA access, and intuitive lending products to the Movement ecosystem.”
</blockquote>
About LayerBank
<a href="https://layerbank.finance/" rel="noopener noreferrer nofollow">LayerBank</a> 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 Network
Movement 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 Industries
<a href="https://www.moveindustries.xyz/" rel="noopener noreferrer nofollow">Move Industries</a> 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. 
<h5>Contact</h5>Business Director Sharon Yoo Deracer sharon@deracer.io 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

LayerBank Secures $2.3M in Pre-Seed Funding Ahead of $ULAB Token Launch on Movement Network (5 Dec)

Chainwire

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