reown

ChainCatcher news, the on-chain user experience platform and WalletConnect network builder Reown announced the completion of a $13 million Series B financing, led by Union Square Ventures (USV) and 1kx, with participation from Global Digital Asset Holdings (a joint venture investment company established by SC Ventures and SBI Holdings), Shopify Ventures, Kraken Ventures, Crypto.com Capital, Figment, Kiln, Everstake, BitGo Ventures, and Fenbushi.As of now, the company's total financing amount has reached $38 million. The new funds will be used to build its SDK—Reown AppKit and Reown WalletKit—to further develop the on-chain user experience platform, addressing issues such as enabling crypto subscription payments without the need for custodial accounts. Its crypto solution clients include financial infrastructure platform Stripe and gift card giant Raise.