A blockchain-based tokenized gold provider, ORO Labs, has successfully raised $1.5 million in a pre-seed funding round led by 468 Capital, with participation from Fasset and a number of other angel investors.
These investors come from prominent Solana projects, including Phantom, Jupiter, Helium, Squads, Sanctum, Anza Labs, Perena, Bonk, and Forma.
Founded in 2024 by Usman Saleem, ORO Labs aims to revolutionize the gold market by transforming it into a liquid, interactive, and income-generating financial asset, allowing users to trade tokenized gold and utilize it in innovative ways across financial markets.
Commenting on this milestone, Usman Saleem, Co-Founder & CEO of ORO Labs, stated:
“Gold is no longer just a store of value—it has become a dynamic financial tool. With ORO, users can earn returns on gold, borrow against it, and trade it seamlessly across different markets. This is gold, but better.”
ORO Labs is built on Solana’s high-speed, low-cost infrastructure, enabling users to generate yield on their gold holdings, unlock liquidity through gold-backed borrowing, and conduct instant transactions using tokenized gold.
