ZkLink closes $10mln in funding for its multi-chain trading infrastructure

ZkLink closes $10mln in funding for its multi-chain trading infrastructure

Dubai: zkLink, a pioneering multi-chain ZK-Rollup trading infrastructure, has announced the successful completion of its strategic funding round, raising an additional $10 million from a group of high-profile investors, including Coinbase Ventures, Cypher Capital, Ascensive Assets, SIG DTI, BigBrain Holdings, Efficient Frontier, Csquared Ventures, and others. This latest round brings the total funding to $18.5 million.

The funds raised will be used to further the zkLink mission of providing crypto traders with a seamless multi-chain experience through our cutting-edge decentralized trading layer. This innovative technology is based on a multi-chain ZK-Rollup, a cryptographic technique that enables scalable, cost-effective, and secure transactions across multiple blockchains. This technology has the potential to revolutionize the way traders execute transactions.

As the race to capitalize on ZK technology intensifies, zkLink’s funding round comes at a critical moment. The team are currently undergoing a major security test called the ‘Dunkirk’ asset recovery test, followed by their mainnet launch in Q3 2023.

Co-founder, Vince YANG, expressed his gratitude for the support from the investors: “The new capital will enable us to expedite the development of our protocol and introduce it to the market more rapidly. We believe that ZK-Rollup-based trading infrastructure will usher in a seamless, unified, and secure