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Universal, formerly known as Alongside, has successfully raised $9 million in a funding round led by Andreessen Horowitz (a16z), with additional participation from Coinbase Ventures, Four Cities Capital, and Data Tech Fund. The company is developing a protocol aimed at enabling the trading of various crypto assets, including SUI, DOGE, and XRP, directly on preferred chains without the need for bridges or centralized exchanges. The funding round highlights Universal's ambition to improve asset movement and trading on-chain, as the total value locked (TVL) in the project approaches nearly $1 billion. This investment reflects growing interest in cross-chain solutions within the cryptocurrency space, as Universal aims to make all crypto assets accessible across multiple chains.
A major milestone for @MANSA_FI as they expand their reach in cross-border payments! With liquidity being a key driver in global finance, it’s great to see continued innovation in stablecoin-powered solutions—especially from teams driving the future of on-chain credit and RWA… https://t.co/FWh8wnFmCd
❗️@universaldotxyz announced the closure of $9M funding led by @a16zcrypto Other investors include Coinbase Ventures, Four Cities Capital, Data Tech Fund. Universal is a wrapped asset protocol designed to enable trading for any token, on any chain. https://t.co/91nnJjKGjm
🌍💸 Female co-led fintech @MANSA_Fintech lands $10M to revolutionize cross-border payments! Faster, efficient, and more inclusive with blockchain tech. 🌐💪 Expanding to LATAM & SE Asia! https://t.co/vkzEry0445 @MANSA_FI #Fintech #Blockchain #CrossBorderPayments
