RWA project LAKE raises $12.4M in funding

Real-world asset (RWA) project LAKE has secured $3 million from its private sale and $9.4 million in a second funding round, bringing its total fundraising to $12.4 million, Cointelegraph reported. The fundraising was backed by multiple investors, such as Artaize Invest, EMB Venture Capital and MSM family office members. LAKE will leverage the funding to expand its global business, launch the LAK3 token, enlarge its supply chain network and advance the project's international growth, according to the news outlet.