The cross-chain protocol Multichain (formerly Anyswap) received US$60 million in financing from Binance Labs. Other investors include IDG Capital, Three Arrows Capital, DeFiance Capital, Circle Ventures, Tron Foundation, Hypersphere Ventures, Primitive Ventures, Magic Ventures, and HashKey. This round of financing will be used to support the Multichain ecosystem and its internal teams, including research and development, auditing, and services. Binance Labs stated that in addition to financing support, Multichain has also established a partnership with BSC. BSC will help promote Multichain and support Multichain's cross-chain bridging of bToken.
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