Cross-chain asset agreement Universal completes $9 million financing, led by a16z

Universal, a cross-chain asset packaging protocol, completed a $9 million funding round led by a16z. This round of financing will be used to scale the business and strengthen the front-end user experience in addition to continuing to distribute new assets through other DApps. The long-term goal of the Universal team is to make its packaged asset service as popular as WBTC (packaged bitcoin).