Binance Labs Leads MATH’s Series B Funding Round of $12 Million

The world's largest crypto exchange Binance announced that Binance Labs, its incubation and seed funding arm has led the $12 million series B funding round for MATH, a multi-chain and cross-chain blockchain assets hub behind the universal crypto wallet MathWallet.

In addition to Binance Labs, NGC Ventures, C6E (Capital6 Eagle) and Amber Group also co-led this round of funding.

MATH will use the fund to accelerate product upgrades for MathWallet, expand resources, build a broader DApp ecosystem, and seek to build broader connectivity in the global market to provide a more friendly and sophisticated experience for blockchain users around the world.

"We have been super impressed with the MATH's growth since its launch. Their comprehensive coverage of public blockchains and their early support for and cooperation with the Binance Smart Chain were instrumental in our investment decision. We look forward to growing the DeFi ecosystem together with MATH." Said Wei Zhou, Head of Binance Labs.

Eric Yu, co-founder and CTO of MathWallet, said: "We are delighted that Binance Labs has chosen to invest in our growth. MathWallet has been focusing on the development and innovation in the wallet field. Within just three years, the team has grown from a small start-up company to one of the most influential companies in the industry. It is currently the crypto wallet supporting the most public chains and has more than one million users worldwide. The deep cooperation with Binance Labs and Binance Smart Chain will further expand our business to the global market and continuously break through with product innovation. We believe this is a field full of opportunities and challenges, and our efforts will enable more users to begin their access to the world of blockchain."

MathWallet was one of the first crypto wallets to support the Binance Smart Chain (BSC). MATH will work with BSC to expand to additional markets, bringing more trading volume and users into the ecosystem.