DeFi application Sei Labs completes $5 million seed round financing, led by Multicoin Capital

Chain Catcher news, Sei Labs, founded by veterans from Goldman Sachs and Robinhood Markets, has completed a $5 million seed round financing, led by Multicoin Capital, with participation from Coinbase Ventures, GSR, Flow Traders, Hudson River Trading, Delphi Digital, Tangent, and others. The funds will be used to support the development of the network.

Sei Network is a blockchain designed to accelerate decentralized finance trading, built using the Cosmos SDK and Tendermint, featuring a built-in Central Limit Order Book (CLOB) module. (Bloomberg)