ProvLabs, a provider of blockchain infrastructure technology solutions that enable real-world assets to be deployed at scale, has completed its seed round fundraising and carve-out from Provenance Blockchain Foundation.

ProvLabs' initial funding round was led by Morgan Creek Digital and GateCap Ventures with participation from Animoca Brands, BlockChange Ventures, CMT Digital, Medalist Partners, Serengeti Asset Management, The Operating Group, Thirdstream Partners, and Walden Bridge Capital. Other investors in ProvLabs include Figure Assets and the Provenance Blockchain Foundation.

ProvLabs (Provenance Blockchain Labs, Inc.) provides blockchain infrastructure technology solutions that enable real-world assets to be deployed at scale with enterprise grade APIs and SaaS solutions. ProvLabs' professional and software services are built specifically for the Provenance Blockchain, the world's largest public Layer 1 blockchain network as measured by real-world assets with over $13 billion in total value locked and over $40 billion in supported transactions.