Universal Raises $9M Led by a16z
Universal raised $9 million in a round led by Andreessen Horowitz.
We've raised $9M led by a16z crypto to make every crypto asset tradable on any chain.
Since going live six months ago, Universal has processed over $850M in trading volume. This round lets us accelerate - more assets, more chains, more integrations.
The Problem
Crypto is fragmented. So many chains, so many assets. If you're trading on Base but want exposure to SOL, DOGE, or XRP, you have to bridge or go back to a CEX. This creates friction for users and limits which assets developers can actually use.
What We Built
Universal solves this with uAssets - wrapped tokens backed 1:1 by verifiable reserves held in Coinbase Prime custody. Each uAsset can be natively minted and redeemed on-demand across any supported chain.
For traders: access 80+ assets without leaving your preferred chain. No bridges, no CEXs. Put your uAssets to work in DeFi - provide liquidity on Aerodrome, lend on Morpho, and more.
For builders: integrate 80+ assets that were previously unavailable on your chain in a few lines of code through the Universal API.
What's Next
Today we support Base, Polygon, and Arbitrum. Coming soon: Solana, World, Monad, and more.
The goal is to make uAssets as ubiquitous as wrapped bitcoin - reducing crypto's fragmentation and making every asset accessible everywhere.
Try it at universal.xyz or build with us at docs.universal.xyz.
