[Token Issuance Platform Umia Raises $6.11 Million, FDV $18 Million] According to The Block, as reported by Jinse Finance on October 6, the token issuance and governance platform Umia raised $6.11 million through a seven-day auction of UMIA tokens, achieving a fully diluted valuation (FDV) of $18 million. A total of 17.3 million tokens were sold, accounting for 34.6% of the total supply, all of which will be immediately tradable with no lock-up period. The auction saw participation from 10 funds, including Galaxy Ventures, DCG, Draper Associates, Maven 11, among others, as well as nearly 700 individual bidders. Approximately 45% of the funds came from institutional investors, who participated under the same terms as other bidders and did not receive board seats. Umia aims to assist projects in token issuance through a unified legal framework, on-chain auctions, and governance via decision markets. Its first external project, Slop.cash, is expected to launch later in the fourth quarter.