According to Foresight News, Echo has successfully completed its pre-seed funding round. The round saw participation from several notable investors, including ABCDE Labs, The Spartan Group, Maelstromfund, Selini Capital, Presto Labs, Sats Ventures, Web3Port Labs, Aptos, and Movement Labs.

Echo is a platform focused on providing Bitcoin liquidity and re-pledging solutions within the MoveVM ecosystem. The company aims to integrate BTC liquidity and re-pledging capabilities into the Move ecosystem, enhancing the overall functionality and efficiency of the platform.