Kyo Finance has raised $5 million in Series A funding, led by Castrum Istanbul and others.

Odaily reports that Kyo Finance has announced the completion of a $5 million Series A funding round, valuing the company at $100 million. The round was led by Castrum Istanbul, TBV, and BZB Capital.

The core objective of this protocol is to establish a single liquidity layer to eliminate chain boundaries and complexities in decentralized finance (DeFi).