Helix Labs announced the successful completion of its Pre-Seed round of funding, raising $2 million at a $40 million valuation, led by Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group. The funding is designed to increase the use case of Regulate L1 assets, solve its "cold start" problem by providing liquidity and users to L3, unlock Cardano's liquidity, and bring it into the broader DeFi ecosystem. Helix Labs has joined Movement Labs' Move Collective accelerator program, a protocol technology that will allow Cardano's ADA token holders to pledge at the same time they receive a liquidity pledge ADA, and then bridge it to Movement, freeing up Cardano's liquidity of around $12 billion. It is reported that Helix Labs aims to enhance the yield opportunities for non-Ethereum L1 asset holders and support future MoveVM rollups through liquidity abstraction and the OmniVM technology stack.