According to TechFlow, Aptos ecological lending protocol Echelon successfully completed a US$3.5 million seed round of financing, led by Amber Group, with participation from strategic partners including Laser Digital, Saison Capital, Selini Capital, Interop Ventures and Re7, to promote DeFi lending on Move-based blockchains.

It is reported that Echelon aims to provide a high-performance market, integrate other DeFi applications and real-world assets (RWAs).