Reya Network developer Reya Labs has completed a $10 million financing round, with participation from Coinbase Ventures and others

ChainCatcher news, according to official sources, the company Reya Labs, which is developing the modular L2 Reya Network, announced the completion of a $10 million funding round. Investors include Coinbase Ventures, Wintermute, Fabric Ventures, Framework Ventures, Brevan Howard Digital, Amber Group, and Robot Ventures.

It is reported that Reya Network is dedicated to creating liquidity, capital efficiency, and performance for DeFi traders and liquidity providers, and plans to use this new funding to promote its liquidity generation event (LGE) in April. The first DEX on the network, Reya Perps DEX, is set to launch soon.