Cross-chain interoperability infrastructure provider Relay announced the completion of its Series B funding led by Archetype and Union Square Ventures, while also launching Relay Chain, specifically designed for cross-chain settlement. As a blockchain interoperability layer, Relay is infrastructure built specifically to meet the needs of cross-chain settlement and exchange, and is now live. The chain's design advantages include faster settlement speeds, lower costs, and more efficient liquidity management, enabling cross-chain transactions to proceed more seamlessly and providing users with an instant, global, and frictionless money transfer experience.
Relay Completes $17M B-Round Funding, Launches Relay Chain for Cross-Chain Settlement
TechFlowShare
Summary
Relay Chain is now live, bringing on-chain news of faster cross-chain settlement. The project secured $17 million in project funding news from Archetype and Union Square Ventures. Built for seamless transactions, Relay Chain offers lower costs and improved liquidity management. Users can now transfer funds instantly across chains. The launch marks a key step for cross-chain interoperability.
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