Multichain (Anyswap) Raises $60 Million Investment on Binance Labs

Multichain Internet Protocol, known as Anyswap before rebranding, raised $60 million in seed funding from Binance Labs.

According to the announcement, the investors were major venture capital firms such as Sequoia China, IDG Capital, Three Arrows Capital, Primitive Ventures, DeFiance Capital, Circle Ventures, Hypersphere Ventures, HashKey and Magic Ventures.

Anyswap online decentralized exchange was founded in July 2020. Gradually, the platform has grown and evolved into Multichain, a gateway protocol (CRP) providing a mature real-time CRP system and interoperability across multiple networks, including Ethereum, Binance Smart Chain, Avalanche, Moonriver, and others.

According to the announcement, Multichain’s total value is currently over $5 billion and has over 300,000 users.

The company said the funds raised in the first round of funding will be used to expandthe team and ecosystem, including research and development teams focused on crypto algorithms, auditing, and security.

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