Bitcoin liquidity protocol and stablecoin issuer Yala announced the completion of a $8 million seed round led by Polychain Capital and Ethereal Ventures, with participation from Galaxy, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), SatoshiLab, UpHonest Capital, UTXO Management and 280 Capital. The exact valuation was not disclosed, and the financing will be mainly used for team expansion, product development and security enhancements, and preparation for the mainnet launch. In addition, investors have also pledged to pledge more than 2,000 bitcoins to Yala.