Mar 4, 03:42 PM

Paradigm Leads $41 Million Token Round for Across Protocol ($ACX), Totaling $51 Million Amid $850 Million Crypto Resurgence in San Francisco

Paradigm, a leading crypto-focused venture fund, has announced its commitment to supporting policies that maintain blockchains as open and dynamic technologies. This statement comes alongside the news that Across Protocol, which specializes in interoperability solutions for Ethereum, has raised $41 million in a token sale led by Paradigm. The funding round attracted participation from notable investors including Bain Capital Crypto, Coinbase Ventures, and Multicoin Capital, bringing Across Protocol's total capital raised to $51 million. The recent activity in the San Francisco area, including increased hiring and office leases, suggests a potential resurgence of the crypto industry in the city, with Paradigm also exploring new office space in the Transamerica Pyramid. Last year, Paradigm secured $850 million to support early cryptocurrency initiatives, indicating its strong position in the market.