UAE's Blum Secures Fund

Blum, a UAE-based decentralized exchange, has raised US$5 million in a pre-seed and seed funding round led by gumi Cryptos Capital, Spartan, No Limit Holdings, YZi Labs, and OKX Ventures.

Founded in 2024 by Gleb Kostarev and Vladimir Smerkis, Blum offers token trading through gamification within a Telegram mini-app.  The funding will support the platform’s infrastructure development, trading enhancements, and expansion across multiple blockchain networks.