Back

Relay Protocol Secures $17 Million to Launch Instant Cross-Chain Settlement Network

Relay completed a $17 million Series B round led by Archetypevc and USV, supporting the upcoming launch of Relay Chain infrastructure designed to enable instant cross-chain settlement and improve blockchain interoperability.

Summary

Relay has completed a $17 million Series B funding round led by Archetypevc and Union Square Ventures (USV). According to the company’s announcement, the funding will be used to support the launch of Relay Chain, an infrastructure network built to enable instant cross-chain settlement across blockchain ecosystems. The development highlights ongoing efforts to improve interoperability and settlement speed for multi-chain applications.

Terms & Concepts
  • Cross-chain settlement: The process of completing transactions between different blockchain networks in a secure and efficient manner.
  • Relay Chain: An infrastructure network designed to facilitate instant settlement and communication between multiple blockchains.
  • Interoperability: The ability of different blockchain networks to exchange and utilize data or assets seamlessly.