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RETRACTION: YZi Labs, Animoca, Gate Did Not Take Part in Standard Money Fundraising Round
A company release said Standard Money raised $8 million and named YZi Labs, Animoca, Gate and Crypto.com as participating, claims that three of the four companies denied.
Updated Nov 5, 2025, 8:58 a.m. Published Nov 3, 2025, 2:00 p.m. 1 min read
CoinDesk is retracting a Nov. 3 report that Standard Money said it raised $8 million in a strategic investment round led by YZi Labs with participation of Gate, Crypto.com, and Animoca Brands.
Three of the four companies named in the company release denied being involved in a fundraise. Crypto.com did not respond to a request for confirmation.
Standard Money, in its previous guise of Tranching Protocol, went through Binance Labs' S3 incubation program back in 2021. Investments made in that process were not announced at the time.
CORRECTION (Nov. 5, 09:00 UTC): Changes Gate.io to Gate to reflect the exchange's correct branding following a change earlier this year.
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