According to Foresight News, Solana's currency market protocol BlonkFi has successfully completed its pre-seed funding round. The round was led by UOB Venture Management and Signum Capital, with participation from Manifold Trading, Kyros Ventures, and Hypotenuse Labs. The specific amount raised has not been disclosed.

BlonkFi offers users the ability to borrow stablecoins using volatile mid-market capital, such as meme tokens, as collateral.