Participated · Seed · Apr 2023

Uxuy is a decentralized multi-chain trading platform incubated by Binance Labs and based in Singapore. The company is dedicated to providing users with a seamless trading experience across various blockchain networks. It focuses on enabling efficient, low-cost transactions for assets such as lightning network taproot assets, ordinals BRC-20, and runes. Uxuy raised $7M in a Pre-A funding round to advance these capabilities. The platform intends to use the funds to promote efficient and low-cost transactions of the specified asset types and to further develop its multi-chain trading infrastructure. No operating metrics or prior funding details were provided in the article. Uxuy operates a decentralized multi-chain trading platform that leverages MPC wallet technology to enable cross-chain trading of cryptocurrencies and digital assets. The company emphasizes user control under the philosophy “Your Crypto, You Control.” In August the UXUY app beta was released on application markets, featuring a Gas Credit product and GasPool to pay gas for transfers and transactions across public chains. Uxuy received an investment from MEXC Ventures and intends to use the funds to expand operations and broaden its business reach. The article does not disclose revenue, user metrics, or the size and instrument of the investment. Uxuy is a Singapore-based provider of a Multi Party Computation (MPC)-based decentralized trading platform. The company offers mnemonic-free and gas-free solutions to help users get started and conduct cross-chain transactions. Uxuy supports public chains, leverages a “wallet + transaction” approach, and proactively participates in building the “Unclaimed” ecosystem. It plans to create a stablecoin liquidity pool to provide users with a “stablecoin-centric” trading environment. The company raised $3.2M in Seed funding and intends to use the proceeds to build its decentralized trading platform. Backers included Bixin Ventures, WaterDrip Capital, KuCoin Ventures, Pionex, LK Ventures, Arcane Group, Daoverse Capital, and Lapin Digital.