Chen Swap raised $ 3 million from investors including Alameda Research and NJC Ventures
The multi-chain bridge hub aims to bridge Ethereum, Binance Smart Chain and others
Cross-Chain Assets Bridge and application center Chen Swap has completed a $ 3 million strategic financing round with the participation of some of the biggest names in the decentralized finance and cryptocurrency industry.
In an announcement on April 7, Chen Swap stated that it had raised funds to accelerate its vision of creating a multi-chain, multi-asset application center.
Participants included some of the big names in cryptocurrency and decentralized finance such as Alameda Research, OKX's arm in the OKBlock Dream Fund, NGC Ventures, Spark Digital Capital, Metaconstant Ventures, CMS Holdings, Rurston Capital, SRC Capital, Dow Ventures and a number of other companies.
The enterprise chainwap platform allows Ethereum to be linked, Binance Smart Chain, and Heco. It plans to add cross-chain solutions to Bitcoin, Bolcadot and Solana in the future and has already started with the Polcasterer Bridge launched on March 21.
The protocol currently supports 18 tokens from different platforms including stablecoins RAI, FEI, POLS from Polkstarter, VTX from Vortex, STRONG from Strong Block, and a number of more obscure lists that can seamlessly switch between the three currently supported blockchain chains.
He plans to launch his token, which will be distributed to protocol users and holders of the MATTER token. AntiMatter Finance is a chain-connected, lightweight, permanent, derivative, decentralized financing protocol currently running on a test network.
Chainwap is one of a number of multi-chain platforms that have entered the decentralized finance space in recent months. The THORChain decentralized liquidity network will launch what it calls a 'multi-chain network' (MCCN) on April 13th.
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