PANews reported on December 4 that Union Labs, a blockchain interoperability project developer, announced the completion of a $12 million Series A financing round, led by Gumi Cryptos Capital and Longhash Ventures, with participation from Borderless Capital and angel investors from Polygon, Celestia, Movement and Berachain communities. This round of financing will be used to expand the team, promote partner integration and ecosystem construction.
Union's core product is a modular zero-knowledge interoperability layer designed to simplify the flow of assets between the Ethereum and Cosmos ecosystems. Its mainnet is scheduled to be launched in early 2025, while also working to address the cross-chain limitations of the Bitcoin ecosystem and promote the development of Bitcoin L2 and multi-chain DeFi.
Previously, Union has integrated with Polygon’s AggLayer to further deepen its connection with Cosmos IBC .
