Universal Secures $9 Million Funding Round Led by a16z
Wrapped asset startup Universal raised $9 million in a funding round led by a16z. The company launched six months ago and has facilitated over $800 million in uAsset trading volume.
Key points:
- Universal aims to make various tokens tradable on blockchain platforms, enhancing liquidity.
- The recent funding will support expansion and improve user experience.
- Universal seeks to establish its assets as widely used as wrapped Bitcoin.
- The team faced challenges but achieved significant growth, fostering trust with investors.
Universal’s goal is to unify crypto assets for easier access and integration across platforms.