Cross-chain bridge Relay announces the completion of a $17 million Series B funding round, with Archetype and USV leading the investment.

ChainCatcher News, according to official sources, the cross-chain bridge aggregator Relay announced the completion of a $17 million Series B funding round, led by Archetype and Union Square Ventures. At the same time, Relay announced the launch of Relay Chain.

It is reported that Relay Chain is an underlying infrastructure designed specifically for cross-chain settlement and exchange. This architecture aims to solve the problem of liquidity fragmentation by enabling per-transaction settlement (not batch processing) at extremely low costs, thereby improving capital efficiency while significantly reducing cross-border transaction delays and costs.