Elys Network Completes $2.5 Million Seed Round

Elys Network, a Cosmos-based encrypted trading platform, announced the completion of a $2.5 million seed round of financing, with participation from Comma3 Ventures, Cogitent Ventures, Persistence One, and Kahuna, among others. The valuation has not been disclosed yet. Elys Network is a DeFi Layer 1 application chain on Cosmos Hub, providing native Bitcoin collateral, automated market making, and multi-asset index pools.