According to news on October 5, L1Advisors, an on-chain wealth and asset management protocol, completed a US$1.6 million seed round of financing, including a US$1 million strategic investment from VanEck, with participation from Ironclad Financial, Ismail Jai Hokimi and others, to build on-chain wealth and An operating system for asset management designed to enable financial professionals and their clients to manage, grow and protect their assets using decentralized infrastructure such as protocols and wallets.