Republic Capital Leads $6M Round in Cross-Chain Bridge Swing

Posted on by American Coins & Gold

Republic Capital Leads M Round in Cross-Chain Bridge Swing
Swing, a cross-chain liquidity and bridge protocol, has raised $6 million in a strategic funding round led by Republic Capital at a $60 million valuation.Other participants in the round included layer 2 scaling network Celer, Bitcoin.com and Morningstar Ventures, among others.Formerly known as Polkaswitch, Swing helps traders and yield farmers move crypto across a number of layer 1 (base layer) and layer 2 (companion network) blockchains, including Ethereum, Polygon, Avalanche, Binance Smart Chain, Arbitrum and Moonriver.The Swing token is a governance token standardized with ERC-20 and native to the Swing network and its decentralized autonomous organization (DAO) of traders, liquidity…