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HomeSingapore Singapore-Based UXUY Secures $7 Million in Pre-A Funding

[FUNDING-NEWS] Singapore-Based UXUY Secures $7 Million in Pre-A Funding

Pre-A funding of $7 million was raised by Uxuy, a decentralised multi-chain trading platform based in Singapore.

Pre-A funding of $7 million was raised by Uxuy, a decentralised multi-chain trading platform based in Singapore.

Supporters from Asia, North America, and Europe included Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha, and GSR.

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The money will be used by the business to facilitate quick and inexpensive exchanges of assets like runes, ordinals BRC-20, and taproot assets on the lightning network.

Developed by Binance Labs, it is a decentralised multi-chain trading platform whose goal is to give customers a smooth trading experience on a variety of blockchain networks.

Read also – Indonesia-Based startup Gapai secures $1 Million in Funding

“We are delighted to announce the successful closure of our Pre-A funding round,” said Jordan, Co-Founder of UXUY. “This significant milestone not only validates the strength of our vision but also reaffirms investor confidence in our ability to drive innovation in the decentralized trading space”. ” By bridging the Bitcoin Lightning Network with the multi-chain ecosystem, UXUY aims to drive Lightning Network adoption and transformation from payment into trading scenarios and contribute significantly to the Bitcoin ecosystem.”

About UXUY

UXUY, a decentralised multi-chain trading platform whose goal is to give customers a smooth trading experience on a variety of blockchain networks. Focusing on innovation and empowering users, UXUY wants to transform the decentralised exchange market by enabling users to trade any token on any chain by utilising Lightning Network.

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