Cryptocurrency Startup XY Finance Raises $12 Million in a Funding Round

Fazzaco learned that XY Finance, a Taiwan based cryptocurrency startup, has raised $12 million in a funding round.

According to the official press release, the latest funding round was led by investors including Circle Internet Financial, LLC, Infinity Ventures Crypto, Mechanism Capital, TRON Foundation, Morningstar Ventures, Yield Guild Games Ventures, Block Capital and Animoca Brands.

The fund raise also comes as XY Finance is about to conduct its Initial DEX Offering (IDO) on December 9. "XY Finance is excited to acquire significant support from our investors. In the near future, the cross-chain mechanism will be a game-changer of the DeFi ecosystem and GameFi market." says XY founder Wilson Huang. "Including cross-chain transactions, GameFi, and NFT, what we're doing will become essential for advanced DeFi users; therefore, we are eyeing more than $1 trillion transaction growth in 2022."