The tokenized financial product settlement network Metal has completed its seed round financing, co-led by Airwallex and Capital49

Former Ren Protocol founder Loong Wang announced the launch of the tokenized financial product settlement network Metal and completed a seed round financing co-led by Airwallex and Capital49, with Airwallex also joining as the first design partner. Metal was co-founded by Loong Wang and Catherine Porter, the former head of partnerships for the Libra project, aiming to build an institutional-grade full-stack infrastructure for tokenized financial products, natively supporting AI agents, authentication, and authorization, while providing global withdrawal and recharge channels covering 200 countries and 90 currencies.