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Across Protocol Raises $41M in Token Round Led by Paradigm

Coin WorldTuesday, Mar 4, 2025 9:13 am ET

1min read

Across Protocol, a cross-chain bridge, has successfully raised $41 million in a token round financing, with Paradigm leading the investment. The funding round also saw participation from notable investors such as bain capital Crypto, coinbase Ventures, Multicoin Capital, and angel investor sina Habinian.

Hart Lambur, co-founder of Risk Labs, the foundation supporting Across and UMA protocols, revealed that the funding was raised in two stages, one in the second quarter and another in the fourth quarter of 2024. Lambur confirmed that Risk Labs sold ACX tokens to investors in this round, but he declined to disclose the specific sale price or valuation. Regarding the investors' unlock schedule, Lambur pointed to a recent Across announcement, which indicated that the strategic financing round includes multiple one-year lock-up periods extending until November 2025.

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CaseEnvironmental824

03/04

$COIN filled this dumb gap now let's push it to all-time highs

Artistic_Studio2784

$COIN up!!! What a turnaround

NoBicDeal

$41M in two stages? That's some serious play. Wondering how this will affect the cross-chain dynamics. 🤔

waterlimes

@NoBicDeal Pretty epic, right?

GrapeJuicex

@NoBicDeal Not sure, but it could shake up the crypto scene.

big_nate410

Across Protocol moon soon or just a pump n dump?

Versace__01

Investors locked till 2025? That's a long-term bet. This project better deliver or there'll be some restless whales.

WellWe11Well

Across Protocol's $41M raise got me thinking: are we witnessing the dawn of a decentralized finance (DeFi) revolution? 🤔

GarlicBreadDatabase

Risk Labs flexing with this funding. UMA and Across bridging the GAP. Let's see if they can keep the momentum. 🚀

Sina Habinian backing this? Angel investors know how to pick 'em. Keep an eye on this space for growth potential.

elpapadoctor

@NoBicDeal Totally agree, Sina picks winners.

PhilosophyMassive578

@NoBicDeal What’s your take on Paradigm's play here?

Frozen_turtle__

Paradigm always picks winners, I'm HODLing ACX tight

abdul10000

@Frozen_turtle__ I had a chance to get in on ACX but FOMO hit me hard. Regret selling early, could've been bags full now.

tostitostiesto

@Frozen_turtle__ How long you planning to HODL ACX? You thinking years or just riding the hype?

racoontosser

Cross-chain bridges are the future, this round was 🔥

Zurkarak

Hope my $ACX bags don't end up in a dead cat bounce scenario. Locking some for long-term gains.

Accomplished-Back640

Coinbase Ventures investing in Across? Mainstream adoption vibes are strong here. This bridge might just be the connector we need.

SojournerHope22

@Accomplished-Back640 What do you think about the bridge's potential?

OG_Time_To_Kill

Multicoin backing this, might see some gains here

JoinMySpaceship

@OG_Time_To_Kill How long you planning to hold Multicoin's bet on Across?

psycho_psymantics

ACX token price appreciation or just hype train?

gameon-manhattan

@psycho_psymantics Is it just hype or real value?

Multicoin Capital on board? That's a vote of confidence. Curious how this will impact the crypto landscape.

_Ukey_

@NoBicDeal Agreed, Multicoin's a big deal.

Puginator

@NoBicDeal What's next for Across?