Rio Development, the development team of the liquidity re-staking network Rio Network, announced the completion of seed round financing. Polychain Capital, Blockchain Capital, Breyer Capital, Coinbase Ventures, Fenbushi Capital and others participated in the investment, and the amount of financing has not been disclosed.

It is reported that Rio is a network for issuing Liquid Restaking Tokens (LRT), and its first product is re-staked Ethereum (reETH).