A startup focused on expanding Bitcoin’s financial capabilities has raised fresh capital as interest grows in building more complex financial tools on the network.

Ark Labs announced it secured $5.2 million in a seed funding round led by Tether alongside investors including Ego Death Capital, Epoch VC, Lion26, Sats Ventures and Contribution Capital. Additional participants include Anchorage Digital and angel investors such as Ralph Ho, former vice president of finance at PayPal, according to a note shared with Bitcoin Magazine. 

The funding coincides with new support for stablecoins and digital assets on Ark Labs’ core infrastructure platform, Arkade. The company said the capital…

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