The cross-chain asset protocol Universal has completed a $9 million financing, led by a16z

ChainCatcher news, the cross-chain asset wrapping protocol Universal has completed a $9 million funding round led by a16z.

This round of funding will be used to scale the business, in addition to continuing to distribute new assets through other DApps, it will also enhance the front-end user experience. The long-term goal of the Universal team is to make its asset wrapping service as popular as WBTC (Wrapped Bitcoin).