Multichain (Previously Anyswap) Raises A $60M Financing Round Led By Binance Labs
12/21/21, 4:47 AM
Money raised
$60 million
Industry
other
software
Multichain (previously Anyswap), the world's leading cross chain protocol, raises a $60 million financing round at $1.2 billion valuation led by Binance Labs, joined by Sequoia China, IDG Capital, Three Arrows Capital, DeFiance Capital, Circle Ventures, Tron Foundation, Hypersphere Ventures, Primitive Ventures, Magic Ventures and HashKey. Besides backing Multichain financially, all the supporters will be jointly involved in the project's development at a deep level to achieve the common vision for web3.
Company Info
Additional Info
As the trailblazer of decentralized cross-chain service, Multichain provides interconnect infrastructure for 25 mainstream public blockchains including Ethereum, Fantom, Binance Smart Chain, Avalanche, Moonriver, Arbitrum, Polygon and Harmony. Multichain will primarily use the funds to invest in the growth of the team and ecosystem to further the mission of routing the Web3. "Multichain now is the cross-chain infrastructure that connects more public blockchains and crypto assets than anyone else, with lower transaction fees, shorter bridging time and higher security levels. Peter Huo, Investment Director at Binance Labs, added: "Multichain is a key contributor to the multi-chain future for crypto.