Thala Labs
7 known investors
Find your way into Thala Labs
Thala is a decentralized finance protocol built on the Aptos blockchain, offering trading and yield products with composable leverage. It serves DeFi users looking to trade and earn yield on Aptos.
Also known as Thala · Thala Labs
Investors · 7
Also in the syndicate · 2
Funding
SEC filings, press & company announcements- Undisclosed amountseed roundOct 2022Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Thala Labs is a decentralized finance company building a Move-native technology stack on the Aptos blockchain. Its core product is Move Dollar (MOD), described as the first Move-native stablecoin: an over-collateralized, fully-collateralized, yield-bearing stablecoin backed by a basket of on-chain assets. MOD is paired with an associated automated market maker that provides liquidity for the stablecoin.
The company positions MOD as intended backbone collateral infrastructure for the Aptos DeFi ecosystem, aiming to address what it terms the decentralized stablecoin trilemma of peg stability, security and capital efficiency. According to the company, this is pursued through monetary policy levers such as dynamic interest rates, collateralization settings, capital optimization by mobilizing collateral, and a business development strategy centered on integrations and long-term liquidity.
Founding story
The company was founded by Adam Cader, who serves as CEO; San Lee is Business Lead. The team's backgrounds span crypto-native and traditional technology firms including ParaFi Capital, NEAR, MakerDAO, Twitter, Apple, Amazon and Google.
Business model
Thala Labs develops DeFi primitives — an over-collateralized stablecoin and an automated market maker — deployed on the Aptos blockchain, with monetary policy levers such as dynamic interest rates and collateralization used to manage the stablecoin.
Latest developments
As of the November 2022 seed announcement, Thala was focused on developing the over-collateralized Move Dollar (MOD) stablecoin and its associated automated market maker for Aptos.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Thala positions itself as building the first Move-native stablecoin, targeting the Aptos ecosystem, one of two Move-based Layer 1 blockchains (alongside Sui) that launched in 2022.
Technology
The stack is built in Move, the smart contract language originally developed at Meta for its Diem permissioned blockchain-based stablecoin payment system, and is deployed on Aptos. Products include the MOD stablecoin, collateral mobilization mechanisms and an automated market maker.
Go-to-market
The company states a business development strategy focused on meaningful integrations across the Aptos ecosystem and building long-term liquidity.
DeFi users and protocols within the Aptos ecosystem seeking stablecoin liquidity, trading and yield.
Geography
Headquartered in Ontario, Canada.
History
Reported to have raised $12 million from Andreessen Horowitz and other venture investors in May 2022, followed by a $6 million seed round announced in November 2022 co-led by ParaFi Capital, White Star Capital and Shima Capital to build its DeFi stack on Aptos.
Compiled by commissioned research from 2 cited public sources — announcements, filings, and press listed under research sources below.
Timeline · 3
launches, deals, and filingsSeed round co-led by ParaFi Capital, White Star Capital and Shima Capital, with participation from Beco Capital, LedgerPrime, Saison Capital and Infinity Ventures Crypto.
$6M source ↗
White Star Capital records an initial seed investment in Thala Labs in October 2022.
$12M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 2
primary sources listed
- Thala Labs - White Star Capitalwhitestarcapital.com · web
2 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Thala Labs do?
- Thala Labs builds Move-native DeFi infrastructure on Aptos, including the over-collateralized stablecoin Move Dollar (MOD) and an AMM.
- Who are Thala Labs's investors?
- Thala Labs's investors include Serafund, Signum Capital, White Star Capital, ParaFi Capital, Shima Capital.