Decentralised crypto protocol Uniswap raises $165m


Uniswap, which has built a decentralised crypto trading protocol, has $165m in its Series B funding round.

The capital injection was led by Polychain Capital, with participation also coming from a16z crypto, Paradigm, SV Angel, and Variant.

The decentralised crypto protocol company its ecosystem offers a financial marketplace where developers, traders and liquidity providers can participate together.

In a blog post announcing the funding round, Uniswap CEO Hayden Adams said, “When I built the Uniswap Protocol in 2018, it was an experiment to see if I could create something that fully embodied the values of Ethereum: transparent, secure, and accessible. Since then, it has grown and evolved in ways I never imagined. It’s supported $1.2trn in trading volume to date and has become critical public infrastructure for exchanging digital value.”

In other cryptocurrency news, Singapore-based Pillow, which allows consumers to invest into cryptocurrencies, raised $18m in its Series A funding. Accel, Quona Capital, Elevation Capital and Jump Capital supplied the capital.

Moon Mortgage, a cryptocurrency lending platform, also recently closed a funding round. It raised $3.5m in a seed financing round headed by CoinFund and Cadenza Ventures. Its flagship solution, CryptoMortgage, will be launching soon and will be open to investors in most States across the US for investment properties.

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