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Wombat Exchange raises $5.25m in Series A funding

Hong Kong based multichain stableswap backed by Binance raised $5.25m in Series A funding co-led by Animoca Brands and Hailstone Ventures.

"Wombat Exchange is a BNB native multichain stableswap focused on re-engineering the stableswap experience with an innovative algorithm design. The vision is to accelerate DeFi growth and push boundaries with greater capital efficiency, accessibility, and scalability in a multichain world."

Tags

defi, asia