In a major move for cross-chain interoperability, Anyswap has officially rebranded to Multichain, unveiling a $60 million seed funding round led by Binance Labs, the venture capital and incubation arm of the world’s largest cryptocurrency exchange. This strategic investment marks a pivotal step in expanding Multichain’s infrastructure to support seamless asset transfers across blockchain networks.
With over 300,000 users and approximately $4.8 billion in total value locked (TVL), according to DeFiLlama, Multichain has solidified its position as a leading cross-chain bridge protocol. The fresh capital will be allocated toward advancing research in crypto algorithms, enhancing security protocols, improving user experience, and growing the team and ecosystem.
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Expanding the Cross-Chain Ecosystem
Multichain’s core mission is to solve one of blockchain’s most persistent challenges: fragmentation. With hundreds of independent blockchains operating in silos, users often face high fees, slow transaction speeds, and limited access to decentralized applications (dApps) outside their native networks.
By enabling trustless, decentralized transfers of tokens and data across chains—including Ethereum, Binance Smart Chain, Polygon, Avalanche, and more—Multichain acts as a critical infrastructure layer for the evolving Web3 landscape.
The funding round also saw participation from top-tier investors such as Sequoia China, IDG Capital, Three Arrows Capital, DeFiance Capital, Circle Ventures, Tron Foundation, Hypersphere Ventures, Primitive Ventures, Magic Ventures, and HashKey—a testament to the growing confidence in cross-chain technology.
This level of institutional backing underscores the importance of interoperability in the future of decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain-based gaming.
Binance Smart Chain Backs Multichain as Preferred Bridge
Beyond financial support, Binance Smart Chain (BSC) has committed to promoting Multichain as a recommended cross-chain solution for developers building on its ecosystem. This strategic alignment means that dApp creators on BSC will have streamlined access to Multichain’s bridging tools, encouraging broader adoption and cross-network liquidity flow.
This partnership builds on prior collaboration: in October 2020, BSC awarded Multichain a $350,000 grant through its accelerator program, alongside five other promising projects. That early support helped lay the technical foundation for Multichain’s current architecture.
Now, with expanded resources and industry validation, the team is poised to accelerate innovation in secure, efficient cross-chain communication.
Focus Areas: Security, Algorithms, and User Experience
While many bridge protocols have faced scrutiny due to high-profile hacks and vulnerabilities, Multichain is placing a strong emphasis on security-first development. A significant portion of the $60 million will go toward:
- Researching advanced cryptographic algorithms
- Auditing and hardening smart contracts
- Implementing real-time monitoring systems
- Improving key management and multi-party computation (MPC) frameworks
Additionally, the funds will support enhancements in user service infrastructure, aiming to simplify the bridging process for both retail users and institutional players. As DeFi continues to grow, ease of use and reliability are becoming just as important as technical performance.
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Why Cross-Chain Bridges Matter in 2025
In today’s multi-chain world, no single blockchain can meet all user needs. Ethereum offers robust security but suffers from congestion. Solana provides speed but has faced uptime issues. Newer Layer 1s and Layer 2s promise scalability but lack deep liquidity.
Cross-chain bridges like Multichain fill this gap by allowing users to move assets where they’re needed most—without relying on centralized exchanges.
For developers, this means greater flexibility in choosing the optimal environment for their dApps. For traders and investors, it unlocks arbitrage opportunities, yield farming across chains, and portfolio diversification.
As interoperability becomes a cornerstone of Web3, protocols that enable seamless interaction between chains will play an increasingly vital role.
Core Keywords Driving Visibility
To align with search intent and enhance discoverability, the following keywords have been naturally integrated throughout this article:
- Multichain
- cross-chain bridge
- Binance Labs
- crypto algorithms
- total value locked (TVL)
- blockchain interoperability
- DeFi infrastructure
- Anyswap rebrand
These terms reflect what users are actively searching for when exploring cross-chain solutions, funding developments, or evaluating secure asset transfer methods.
Frequently Asked Questions (FAQ)
Q: What is Multichain?
A: Multichain (formerly Anyswap) is a decentralized cross-chain bridge protocol that enables users to transfer tokens and data across different blockchain networks securely and efficiently.
Q: Why did Anyswap rebrand to Multichain?
A: The rebrand reflects the project’s evolution beyond simple token swaps into a comprehensive interoperability platform supporting multiple chains, advanced cryptography, and developer tools.
Q: Is Multichain safe to use?
A: Multichain employs multi-party computation (MPC) for keyless asset management and undergoes regular audits. However, as with any DeFi protocol, users should conduct due diligence and stay updated on security advisories.
Q: Which blockchains does Multichain support?
A: It supports major networks including Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, Arbitrum, Optimism, and several others.
Q: How does the $60 million funding impact Multichain’s future?
A: The capital will accelerate research in crypto algorithms, improve security measures, expand the team, and strengthen partnerships—particularly with Binance Smart Chain.
Q: Can developers integrate Multichain into their dApps?
A: Yes. Multichain offers APIs and SDKs for developers to embed cross-chain functionality directly into decentralized applications.
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Final Thoughts
The rebrand from Anyswap to Multichain symbolizes more than just a name change—it represents a strategic expansion into the foundational layer of a truly interconnected blockchain ecosystem. Backed by Binance Labs and a coalition of leading investors, Multichain is well-positioned to lead the next phase of DeFi growth through innovation in security, algorithmic efficiency, and user-centric design.
As blockchain adoption accelerates globally, the demand for robust, scalable cross-chain solutions will only increase. Projects like Multichain aren’t just facilitating movement between chains—they’re helping build the backbone of a unified digital economy.
Whether you're a developer building the next big dApp or an investor navigating multi-chain portfolios, understanding and leveraging interoperable infrastructure has never been more essential.