Singapore-based UXUY announced that it had successfully raised $3.2 million in a seed round of funding from investors including Bixin Ventures, WaterDrip Capital, KuCoin Ventures, Pionex, LK Ventures, Arcane Group, Daoverse Capital, Lapin Digital, etc.
What does UXUY do? UXUY is a next-gen MPC-based decentralized trading platform and through the mnemonic-free and gas-free solutions, the company makes it easier for users to get started and conduct cross-chain transactions with a single click. UXUY plans to create a comprehensive stablecoin liquidity pool to provide users with a “stablecoin-centric” trading environment and a CEX-like user experience. Plus UXUY supports mainstream public chains, fully utilizes the “wallet + transaction” and proactively participates in the building of the “Unclaimed” ecosystem.
KEY QUOTES:
“UXUY’s funding team are serial entrepreneurs who have experienced a complete bull-bear market cycle, and have extraordinary knowledge and technical expertise for multi-chain ecology and cross-chain transactions. Bixin Venture looks forward to working with the team to accelerate the next disruptive Web 3.0 innovation.”
— Wang Xi, Partner of Bixin Ventures
“We are excited to form strategic partnership with all our investors! Our mission, ultimately, is to build a decentralized Binance, and our vision is to build the entry portal for Web3 to welcome the mass adoption of 1 billion users.”
— Jordan, Co-founder of UXUY
