ORO Labs Raises $1.5 Million Pre-Seed to Innovate Gold Trading
The Solana-based protocol aims to enhance gold liquidity, enabling users to earn yield and trade gold-backed assets.
ORO Labs, a tokenised gold protocol built on Solana, has secured $1.5 million in a pre-seed funding round led by 468 Capital, with participation from angel investors involved in Phantom, Jupiter, and Helium. The startup seeks to transform gold into a liquid, income-generating asset, providing users with new ways to earn yield and trade gold-backed assets with instant settlements.
“Gold shouldn’t just sit idle—it should generate wealth,” said Usman Saleem, Co-Founder & CEO of ORO. “With ORO, gold isn’t just something you hold; it’s something you can earn with, borrow against, and use seamlessly across markets. This is gold, but better.”
Beyond securing funding, ORO Labs signed a Memorandum of Understanding at Abu Dhabi Global Market (ADGM) last month, attended by HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and HE Dr Jörg Kukies, Germany’s Minister of Finance. The agreement underscores the startup’s plans to expand within the UAE, a global leader in gold trade, which facilitates over $100 billion in gold transactions annually.
