[Spicenet, an on-chain financial brokerage network, completes $5 million Series A funding round] According to Jinse Finance, on October 28th, Spicenet, an on-chain financial brokerage network, announced the completion of a $5 million Series A funding round, led by dao5, with participation from Babylon and Astraizon. 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 inject initial liquidity into the network's products. Spicenet is built on a dedicated L1 settlement layer supported by Celestia. Its core products also include the cross-chain one-click interaction protocol SpiceFlow, and the tokenized stock consumer application SpiceStocks, which is currently under development.