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Umia Raises $6 Million to Build the Onchain Formation Platform for Token-Native Projects, Joined by Galaxy Ventures, DCG and Draper Associates

Summary by The Queenslander
NEW YORK, Oct. 5, 2026 /PRNewswire/ -- Umia (umia.finance), the onchain platform for launching, funding and governing projects, today announced it has raised $6 million through the auction of $UMIA, the first token launched through its own system. Ten funds and nearly 700 individual bidders took part in the seven-day sale, which ran on Base from August 26 to September 2 and opened with a three-day early round for vetted funds and zkTLS-...
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Umia raised US$6.11 million by selling 17.3 million UMIA tokens, equivalent to 34.6% of the maximum supply of 50 million. The platform wants to help other crypto projects launch tokens with a shared legal structure, onchain sales and a governance model that subjects certain decisions to markets.

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ADKhabar broke the news on Monday, October 5, 2026.
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