PANews reported on November 17th that, according to Incrypted, Takadao, a Riyadh-based Web3 financial platform with offices in Singapore, announced the completion of a $1.5 million seed funding round. Investors included Hasan VC (Malaysia), Syla Invest (France), Wahed Ventures (UK), Ice Blue Fund (Japan), Istari Ventures (USA), Adverse (Saudi Arabia), and Draper Associates from Silicon Valley, USA. This brings the total funding to approximately $3.1 million (including previous pre-seed rounds and other investments).

In addition, Takadao also released the LifeCard—a prepaid VISA card that allows users to use stablecoins like cash at any VISA-enabled location.