According to Foresight News, Oak Grove Ventures announced its participation in the $4 million seed round of Meridian, a DeFi project in the Movement ecosystem. This round of financing was co-led by ParaFi Capital and Borderless Capital, with participation from Amber Group, Saison Capital, and Interop Ventures. Meridian aims to become the central liquidity and yield center of the Movement ecosystem, providing users with a wider range of DeFi opportunities by bridging the gap between the Move ecosystem and existing EVM and SVM solutions.

Oak Grove Ventures is a Singapore-based investment fund with $60 million in capital, focusing on early-stage investments in frontier fields such as cryptocurrency. Oak Grove Ventures was founded with the goal of serving entrepreneurs, not only providing financial support, but also providing full industry chain support for visionary founders. Oak Grove Ventures has successfully supported more than 50 projects and 12 funds.