In addition to the financing support from Binance Labs, Multichain is also building a stronger partnership with BSC. We are excited to deepen our partnership with Multichain and work closely with the team to build out our shared vision." Peter Huo, Investment Director at Binance Labs, added: "Multichain is a key contributor to the multi-chain future for crypto. We will remain on the frontline of cross-chain research,” said Zhaojun, the Co-founder of Multichain.īill Chin, Head of Investment at Binance Labs, said: “Binance Labs invests in disruptive innovations that have incredible potential to shape the crypto landscape, which is why we are fully supporting the Multichain." Aligning with our plan to improve Web3, Multichain will integrate NFT Cross-Chain Bridge and our new an圜all solution for arbitrary cross-chain contract calls, supporting innovative NFT and DeFi DApps in cross-chain ecosystems. “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. The Total Value Locked (TVL) on Multichain, whose number of users exceeds 300,000, is more than $5 billion, with over 1,000 crypto assets circulating among different mainnets. Multichain provides interconnecting infrastructure for many mainstream public blockchains, including Ethereum, Binance Smart Chain, Avalanche, Moonriver, etc.
The funds will be used to support the Multichain ecosystem and its internal teams, including R&D, Audit and Service.īinance Labs, the venture capital and incubation arm of Binance, led the recent $60M financing round for Multichain, formerly known as Anyswap, an industry-leading cross-chain protocol. In addition to financing support from Binance Labs, Multichain is also building a partnership with BNB Chain (former BSC). Binance Labs led the recent $60 million financing round for Multichain, which recently rebranded from Anyswap.
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