Project
Initia
Layer 1 blockchain built to run a network of app-specific rollups
Initia, according to co-founder Ezaan Mangalji, provides a Layer 1 blockchain network built specifically to enable a system of L2 rollups. It was headquartered in Singapore in February 2024.
Description sourced from
- TechCrunch
“Initia, according to Mangalji, helps overcome both of these challenges by providing a Layer 1 blockchain network built specifically to enable a system of L2 rollups”
Named in 2 pieces
Institutional Custody & Asset Management
Franklin Templeton Moves $150 Million Onto XRP Ledger
Franklin Templeton nearly quadrupled its tokenized fund on the XRP Ledger, the same week a smaller chain's bridge got drained.
Security & Incident Response
Initia Halts Its Chain After a Reported $2.6 Million Hack
Initia halted its blockchain on Oct. 23, 2026, after a hacker minted tokens and cashed out an estimated $2.6 million.