Reservoir Secures $14 Million in Series A Funding to Expand Token Trading Across Blockchain Networks

Reservoir, a leading crypto infrastructure startup, has successfully raised $14 million in a Series A funding round led by Union Square Ventures. The funding announcement, made on February 5, marks a significant milestone in Reservoir’s mission to bring token trading to every blockchain network.

Expanding Reach Across the Ecosystem

As a prominent player in the crypto industry, Reservoir’s infrastructure offering enables seamless trading with integrated non-fungible tokens (NFTs) across decentralized applications. The platform’s services have already been integrated by notable crypto platforms such as Coinbase, MetaMask, Magic Eden, and Zora. However, Reservoir aims to further expand its reach across the broader blockchain ecosystem.

Key Features and Tools

Reservoir’s infrastructure product suite includes:

  • Relay: Facilitates instant bridging, token swaps, and calls on Bitcoin, Solana, and Tron, as well as over 42 EVM-compatible chains.
  • Reservoir Swap: Enables users to access DEX and NFT marketplace functionalities.
  • Reservoir NFT: Supports the trading of NFTs across various blockchain networks.

Investor Backing and Support

Reservoir’s expansion efforts have attracted backing from several prominent venture capital firms, including Variant, Coinbase Ventures, Delphi Digital, Archetype, and Square Peg Capital. The funding round was led by Union Square Ventures, with Nick Grossman, Partner at USV, highlighting the significance of Reservoir’s expansion.

“As the onchain ecosystem becomes ever more complex, we need tools that make the builder and user experience simpler, faster, and more joyful. This is exactly what the Reservoir team excels at across their suite of tools for bridging, swapping, and other onchain actions.”

Reservoir’s Mission and Vision

According to Peter Watts, Founder and CEO of Reservoir, “We’re moving towards a world with millions of tokens issued across thousands of chains. Reservoir’s mission is to enable seamless movement between all of these assets, to unlock powerful new use cases across finance and culture. We’re excited to use this funding to enable universal, onchain liquidity for any token on any chain. Instantly.”

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