Symbiotic completes $29 million Series A financing

the cryptocurrency collateral protocol Symbiotic has completed a $29 million Series A financing round, led by Pantera Capital and Coinbase Ventures, with participation from over 100 institutions and angel investors including Aave, Polygon, and StarkWare. The financing will be used to launch the blockchain security coordination layer "Universal Collateral Framework." This framework allows for any combination of cryptocurrencies (including L1/L2 chain assets) to participate in network validation, and is currently adopted by 14 networks such as Hyperlane, with an expected integration into 20 more ecosystem projects.