On-chain financial brokerage network Spicenet announced the completion of a $5 million Series A funding round, led by dao5, with participation from Babylon and Astrarizon. This brings its total funding to $8 million, including a previous $3 million seed round co-led by Hack VC and Magnus Capital. The new funds will be used to launch the cross-venue margin account Spice Edge, issue the ecosystem token SPICE, and provide initial liquidity for products built on its network. Spicenet is built on a dedicated L1 settlement layer powered by Celestia, and its core products include the cross-chain one-click interaction protocol Spice Flow, and the tokenized stock consumer application Spice Stocks, which is under development. https://www.(wublock123.com)/news/spicenet-raises-5m-series-a-led-by-dao5-70854