Relay has secured $17 million in a Series B funding round co-led by Archetype and Union Square Ventures (USV). The investment is aimed at launching the Relay Chain, a new, purpose-built infrastructure designed to facilitate instant cross-chain settlements.

The company stated that the new chain will allow any asset to move across any chain instantly, addressing the growing fragmentation of on-chain money. As digital assets proliferate across an increasing number of blockchains, Relay aims to simplify the user experience by eliminating the complexities of cross-chain transactions.

This funding and product launch signal a strategic push to create more unified and efficient blockchain infrastructure. By enabling seamless interoperability, Relay is positioning itself to solve a critical pain point in the market, making it easier for users and developers to interact with assets across disparate networks.

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