Crypto wallet maker MATH raises $12 million in Series B funding

advertisement

Cryptocurrency wallet maker MATH has raised $12 million in Series B funding.

The round was led by Binance Labs, with participation from NGC Ventures, Amber Group, and Capital6 Eagle.

With fresh capital at hand, MATH, the organization that is behind the development of MathWallet, looks to expand its products and services, as well as support the growth of Binance's native blockchain Binance Smart Chain (BSC).

"MATH will work with BSC to expand to additional markets, bringing more trading volume and users into the ecosystem," said the organization.

Binance, on the other hand, looks to grow the decentralized finance (DeFi) ecosystem with its native blockchain. In other words, it plans to onboard as many DeFi apps as possible on its BSC network.

MathWallet is a multi-chain wallet, supporting more than 60 blockchains, including Bitcoin, Ethereum, Solana, and Polkadot. It claims to have more than 1 million users.

MATH's Series B comes just two months after it raised Series A in October. At the time, the Singapore-based firm raised $7.8 million in the round led by Alameda Research and Multicoin Capital.


This story has been updated to provide clarity on MATH and MathWallet

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC
More