ChainSwap raises $3M from investors including Alameda Research and NGC Ventures

The multi-chain bridge pulse aims to bridge Ethereum and BSC and beyond.
Cross-chain asset bridge and program hub ChainSwap has closed a $3 million strategic funding round with participation from some of the greatest names in decentralized finance and the crypto industry.In that an April 7 announcement, ChainSwap stated that it increased the funds so as to quicken its vision of making a multi-chain and multi-asset program hub.Participants contained some huge names in crypto and DeFi for example Alameda Research, OKEx’s enterprise arm OK Block Dream Fund, NGC Ventures, Spark Digital Capital, Metaconstant Ventures, CMS Holdings, Rarestone Captial, SRC Capital, DAO Ventures, and a number of others.The ChainSwap platform allows projects to seamlessly bridge between Ethereum, Binance Smart Chain, and the Huobi Eco Chain (Heco). It plans to add cross-chain options for Bitcoin, Polkadot, and Solana later on and has already started using a Polkastarter bridge started on March 21. The protocol now supports 18 tokens from several platforms such as stablecoins RAI along with FEI, Polkastarter’s POLS, Vortex VTX token, Strongblock’s STRONG, and a number of obscure listings which can be easily rearranged between both presently supported blockchains.It plans to establish its own token which will be airdropped for protocol users and holders of their AntiMatter token, MATTER. AntiMatter Finance is a lightweight on-chain DeFi perpetual derivative protocol now operating on testnet.ChainSwap is just one of a number of multi-chain platforms entering the DeFi distance in recent months. Decentralized liquidity network THORChain will soon be starting what it calls for a”multichain chaosnet” (MCCN) on April 13. Thor’s indigenous token RUNE rallied to all-time highs in late February after Multicoin Capital revealed it had accumulated a huge place.

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