Interoperability Protocol Across Protocol Raises $41 Million

Ethereum-based Across Protocol has successfully raised $41 million through the sale of its ACX token to investors, as reported by The Block.

The funding round was led by Paradigm, with participation from Bain Capital Crypto, Coinbase Ventures, and Multicoin Capital.

Hart Lambur, co-founder of Risk Labs, the foundation behind Across Protocol, stated that while ACX tokens were sold to investors, the sale price or company valuation remains undisclosed.

Dan Robinson, a general partner at Paradigm, expressed confidence in Across’ vision to unify the Ethereum ecosystem and his eagerness to collaborate on future technology and research initiatives.

Following this announcement, the price of ACX rose by up to 12%.

This is not investment advice.