zkLink has announced the successful completion of its strategic funding round, raising an additional $10 million from a group of high-profile investors, including Coinbase Ventures, Cypher Capital, Ascensive Assets, SIG DTI, BigBrain Holdings, Efficient Frontier, Csquared Ventures, and others. This latest round brings the total funding to $18.5 million.

The funds raised will be used to further the zkLink mission of providing crypto traders with a seamless multi-chain experience through our cutting-edge decentralized trading layer.
As the race to capitalize on ZK technology intensifies, zkLink’s funding round comes at a critical moment. The team are currently undergoing a major security test called the ‘Dunkirk’ asset recovery test, followed by their mainnet launch in Q3 2023.

Cypher Capital Chairman Bill Qian said “This funding round allows zkLink to further develop and test their transformative technology. This round brings them yet closer to their vision of a future with unified liquidity and seamless multi-chain user experience while remaining fully trustless and self-custodial. We are incredibly excited to be a part of this and to see what the future holds for zkLink.”

Vir Anand, at SIG DTI, said, “zkLink’s recent funding round underscores the growing recognition and potential of ZK-Rollups. As the technology matures, zkLink is uniquely positioned to address critical challenges in security, scalability, and liquidity by leveraging its innovative multi-chain trading infrastructure. With their dedicated team and cutting-edge solutions, zkLink is poised to empower users and developers, while hopefully driving the industry towards a more robust, decentralized future.”