Lantern Finance has raised over $1 million in an oversubscribed pre-seed funding round to expand its crypto-backed lending platform. The company enables U.S. crypto investors to borrow against digital assets while receiving funds directly into their bank accounts, preserving holdings and avoiding taxable events. Investors include Orange DAO, Supermoon Ventures, and Andover Ventures. The funding will support product development, security enhancements, and customer service improvements. Lantern aims to offer innovative lending solutions while ensuring regulatory compliance. The company’s mission is to provide accessible financial tools for crypto users, bridging traditional banking and decentralized finance (DeFi) services.