Reservoir, a leading crypto infrastructure startup specializing in token trading across decentralized applications, has secured $14 million in a Series A funding round led by Union Square Ventures.
Announced on Feb. 5, the funding is placed to speed up its mission of enabling seamless token trading across different blockchain networks. This company provides infrastructure that facilitates integrated non-fungible token (NFT) trading across various decentralized applications. The services of this company have already been adopted by major platforms such as Coinbase, MetaMask, Magic Eden, and Zora.
With its sights on broader industry expansion, Reservoir attracted investment from notable firms including Variant, Coinbase Ventures, Delphi Digital, Archetype, and Square Peg Capital.
Peter Watts, Reservoir’s founder and CEO, emphasized the startup’s vision of enhancing liquidity across the crypto ecosystem.
“We’re moving towards a world with millions of tokens issued across thousands of chains. its mission is to enable seamless movement between all of these assets, unlocking powerful new use cases across finance and culture. This funding will help us achieve universal, onchain liquidity for any token on any chain-instantly.”
Relayer, Reservoir Swap, and Reservoir NFT are just some of the infrastructure products available in Reservoir’s suite. Relay is the service that offers instant bridging and token swaps across Bitcoin, Solana, TRON, and more than 42 EVM-compatible chains, allowing users to access decentralized exchange and NFT marketplace functionality.
Nick Grossman, a partner at Union Square Ventures, highlighted Reservoir’s role in simplifying blockchain interactions:
“As the onchain ecosystem grows increasingly complex, we need tools that streamline the builder and user experience. Reservoir excels at this with its suite of solutions for bridging, swapping, and other onchain activities.”
With fresh funding in hand, it is poised to strengthen its position in the crypto infrastructure space, driving the next phase of blockchain-based token trading innovation.
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