Reservoir Secures $14M to Advance Universal Token Trading Infrastructure

Article Highlights
Off On

In a remarkable move to strengthen its position in the burgeoning crypto industry, Reservoir, a crypto infrastructure startup, has successfully raised $14 million in its Series A funding round. Led by Union Square Ventures, the round also saw participation from prominent investors including Variant, Coinbase Ventures, Delphi Digital, Archetype, and Square Peg Capital. This substantial investment aims to bolster Reservoir’s mission of simplifying and universalizing token trading across various blockchain networks, making the process more efficient and accessible.

Reservoir’s cutting-edge infrastructure allows for seamless trading of non-fungible tokens (NFTs) across multiple decentralized applications. The startup’s innovative services have already been integrated into popular platforms such as Coinbase, MetaMask, Magic Eden, and Zora. Peter Watts, the founder and CEO of Reservoir, envisions a future where millions of tokens are supported across thousands of blockchain chains, providing what he describes as “universal, onchain liquidity for any token on any chain.” This ambitious vision highlights the potential for a more interconnected and fluid blockchain ecosystem.

The comprehensive product suite offered by Reservoir includes tools like Relay, Reservoir Swap, and Reservoir NFT. These products provide functionalities such as instant token bridging, swaps, and interactions across various blockchain networks including Bitcoin, Solana, TRON, and over 42 Ethereum Virtual Machine (EVM)-compatible chains. The integration of these tools simplifies complex onchain actions, enabling users to navigate the crypto world with ease. Reservoir’s infrastructure is poised to support a wide array of use cases, enriching both the financial and cultural facets of the crypto landscape.

Nick Grossman, a partner at Union Square Ventures, underscored the importance of Reservoir’s tools in enhancing the user experience within an increasingly convoluted onchain ecosystem. By streamlining processes such as bridging and swapping, Reservoir is creating powerful new use cases that drive forward the crypto infrastructure landscape. This significant funding round not only validates Reservoir’s strategic vision but also sets the stage for substantial advancements in the way tokens are traded and managed across diverse blockchain platforms.

Explore more

Why is LinkedIn the Go-To for B2B Advertising Success?

In an era where digital advertising is fiercely competitive, LinkedIn emerges as a leading platform for B2B marketing success due to its expansive user base and unparalleled targeting capabilities. With over a billion users, LinkedIn provides marketers with a unique avenue to reach decision-makers and generate high-quality leads. The platform allows for strategic communication with key industry figures, a crucial

Endpoint Threat Protection Market Set for Strong Growth by 2034

As cyber threats proliferate at an unprecedented pace, the Endpoint Threat Protection market emerges as a pivotal component in the global cybersecurity fortress. By the close of 2034, experts forecast a monumental rise in the market’s valuation to approximately US$ 38 billion, up from an estimated US$ 17.42 billion. This analysis illuminates the underlying forces propelling this growth, evaluates economic

How Will ICP’s Solana Integration Transform DeFi and Web3?

The collaboration between the Internet Computer Protocol (ICP) and Solana is poised to redefine the landscape of decentralized finance (DeFi) and Web3. Announced by the DFINITY Foundation, this integration marks a pivotal step in advancing cross-chain interoperability. It follows the footsteps of previous successful integrations with Bitcoin and Ethereum, setting new standards in transactional speed, security, and user experience. Through

Embedded Finance Ecosystem – A Review

In the dynamic landscape of fintech, a remarkable shift is underway. Embedded finance is taking the stage as a transformative force, marking a significant departure from traditional financial paradigms. This evolution allows financial services such as payments, credit, and insurance to seamlessly integrate into non-financial platforms, unlocking new avenues for service delivery and consumer interaction. This review delves into the

Certificial Launches Innovative Vendor Management Program

In an era where real-time data is paramount, Certificial has unveiled its groundbreaking Vendor Management Partner Program. This initiative seeks to transform the cumbersome and often error-prone process of insurance data sharing and verification. As a leader in the Certificate of Insurance (COI) arena, Certificial’s Smart COI Network™ has become a pivotal tool for industries relying on timely insurance verification.