Allbridge Raises $2M to Expand Cross-Chain Token Bridge

Allbridge Raises M to Expand Cross-Chain Token Bridge
Allbridge, a bridge for cross-chain transfers of digital assets, has announced a $2 million funding round led by Race Capital. The new funding will help double the Allbridge team in engineering and business roles over the coming months, as well as invest in platform scalability, Allbridge co-founder Andriy Velykyy told CoinDesk in an email.“We’re also conducting extensive security audits to ensure user and asset safety as we continue to scale and connect more chains and protocols,” said Velykyy. “Our goal has always been to bridge the Web 3 ecosystems together and this funding will help us move even faster in…