Saison Capital participates in Meridian’s USD 4m seed round

Meridian, a decentralized liquidity marketplace and liquid staking protocol built on Movement, has raised USD 4m in seed funding. The round, co-led by ParaFi Capital and Borderless Capital, saw participation from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures. Meridian aims to spearhead the Move-based DeFi ecosystem on Movement, a network of blockchains created by Movement Labs.

Meridian aims to become the central liquidity and yield hub of the Movement ecosystem, enabling partner protocols to build deep liquidity in a capital-efficient manner while offering users secure, productive yield on their assets. The protocol is currently live on testnet and is scheduled to launch on day one of Movement’s mainnet, marking a significant milestone for the Move ecosystem.

The Move ecosystem currently represents only a fraction of total on-chain liquidity and trading volumes compared to existing EVM and SVM solutions. Meridian aims to bridge this gap by leveraging the security and composability of the Move language. The platform will work closely with various restaking protocols and yield-bearing asset issuers to provide a highly secure and composable infrastructure for DeFi activities.

With this injection of capital, Meridian plans to expand its global team, actively hiring across engineering, product, and marketing roles. This growth will support the platform’s ambitious roadmap and accelerate its go-to-market strategy.

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