Anyswap Rebrands to Multichain, Raises $60M Led by Binance Labs

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Binance Labs, the crypto trade’s enterprise capital and incubation arm, led a $60 million seed spherical in Multichain, previously Anyswap.

  • The cross-chain protocol counts over 300,000 customers, in accordance to , in accordance to a press launch shared with CoinDesk.
  • Public data shows the protocol has roughly $4.8 billion in complete worth locked.
  • Multichain will use the funds to broaden its ecosystem and staff, notably analysis on crypto algorithms, safety and consumer service.
  • Binance Smart Chain (BSC) can also be placing its weight behind the protocol. It will promote Multichain as a really useful bridge for builders in the long run, the press launch stated.
  • Sequoia China, IDG Capital, Three Arrows Capital, DeFiance Capital, Circle Ventures, Tron Foundation, Hypersphere Ventures, Primitive Ventures, Magic Ventures and HashKey additionally participated within the spherical.
  • BSC gave Multichain and 5 different tasks a $350,000 grant every in October 2020, as a part of its accelerator program.

Read extra: Binance Smart Chain and Animoca Brands Set Up $200M Program for Blockchain Gaming