Uxuy Raises $7M in Pre-A Funding

Uxuy, a Singapore-based decentralized multi-chain trading platform, raised $7M in Pre-A funding.

Backers included Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha, GSR and others from across Asia, North America, and Europe.

The company intends to use the funds to promote efficient and low-cost transactions of assets such as lightning network taproot assets, ordinals BRC-20, and runes.

Uxuy is a decentralized multi-chain trading platform incubated by Binance Labs, dedicated to providing users with a seamless trading experience across various blockchain networks.