Coinspeaker
Cross-Chain Protocol Wormhole Secures $225M in Funding, Now Valued at $2.5B
Wormhole, a blockchain protocol designed to address the interoperability challenges of pioneer blockchain networks such as Bitcoin and Ethereum, has secured $225 million in funding, propelling the company’s total valuation to a new high of $2.5 billion.
According to an official announcement on Wednesday, the cross-chain protocol revealed that notable investors, including Jump Trading, Brevan Howard, Coinbase Ventures, Multicoin Capital, ParaFi, Dialectic, Borderless Capital, and Arrington Capital, participated in the funding round. The company wrote:
“We are grateful to have reached this milestone with the support of such a strong group of backers as we continue to deliver critical infrastructure for Web3.”
Wormhole Plans to Introduce More Products Next Year
Wormhole plans to use the funds to introduce more products and infrastructures into the market to promote the platform next year. The pro

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