Blockchain development company ProvLabs has completed its seed round financing, led by Morgan Creek Digital and GateCap Ventures

according to PRNewswire, blockchain development company ProvLabs, which provides infrastructure technology solutions, announced the completion of its seed funding round, led by Morgan Creek Digital and GateCap Ventures, with participation from Animoca Brands, BlockChange Ventures, CMT Digital, Medalist Partners, Serengeti Asset Management, The Operating Group, Thirdstream Partners, and Walden Bridge Capital. The specific funding amount and valuation information have not been disclosed.

The new funds are intended to expand products and services such as the public Layer 1 blockchain Provenance Blockchain that supports RWA.

Previously, Provenance announced the establishment of the SaaS and blockchain development company ProvLabs to provide financial institutions, service providers, platforms, and DeFi applications with the capability to operate on Provenance.