PANews reported on October 12 that according to Decrypt, Singapore wallet provider Account Labs announced the completion of a $7.7 million financing, led by Amber Group, MixMarvel DAO Ventures and Qiming Venture Partners. This strategic investment was launched at the same time as the launch of the consumer-centric application UniPass Wallet, a self-service wallet focused on peer-to-peer (P2P) stablecoin transfers. The wallet will also use account abstraction to improve the user experience.

Earlier news, the smart contract wallet UniPass and the hardware wallet Keystone announced their merger into Account Labs.