Crypto startup Subzero Labs has completed a $20 million seed round financing, with Pantera Capital leading the investment.

By: theblockbeats.news|2025/08/01 16:42:19
0
Share
copy

BlockBeats News, August 2nd: According to Fortune magazine, cryptocurrency startup Subzero Labs has completed a $20 million seed round of financing. The round was led by crypto investment firm Pantera Capital, with participation from crypto venture funds Variant and Coinbase Ventures, as well as the crypto arm of high-frequency trading firm Susquehanna.

Subzero Labs Co-founder and CEO Ade Adepoju declined to disclose the company's valuation following this round of financing. He stated that the transaction was completed in the first quarter of this year and involved a combination of equity and token warrants (i.e., allocation rights to future unreleased crypto tokens).

Subzero Labs plans to launch a new blockchain called Rialo, designed for real-world applications. Rialo is not a traditional Layer 1 blockchain—in Adepoju's words, it is "not Layer 1, 2, 3, 4, 5, or 6," and he is reluctant to draw analogies with existing crypto products. Rialo is aimed at non-crypto developers, allowing engineers to build on the blockchain functions that are normally off-chain. For example, it can access off-chain data without the need for an oracle, such as FICO credit scores.

-- Price

--

You may also like

WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!

Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...

July 6 Market Important Events Overview

Can Open USD support Stripe's ambitions?

Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."

Blockchain Capital Partner: AI is rewriting the fundamental unit of labor

The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.

The cryptocurrency industry has become a traditional industry

For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.

Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon

Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com