Investment firm Union Square Ventures spearheads $14 million Series A round for the development of Token Trading Infrastructure named Reservoir.
Reservoir, a dynamic NFT trading infrastructure platform founded in 2021, has successfully raised $14 million in a Series A round led by Union Square Ventures. This funding round marks a significant milestone for Reservoir as it plans to accelerate the development and expansion of its token trading infrastructure.
The funds raised will be utilized to scale the platform capabilities, expand the engineering team, and enhance liquidity and user experience for trading tokenized assets. The goal is to improve Reservoir's infrastructure, making it more efficient and secure for on-chain trading across multiple blockchains.
Reservoir's mission is to enable seamless movement between all tokens issued across millions of assets across thousands of chains. To this end, the company offers Reservoir NFT, an NFT marketplace and API, and Reservoir Swap, a decentralized exchange and token API.
The bridging and swaps platform, Relay, has already been integrated with Solana, Bitcoin, Tron, Ethereum Virtual Machine (EVM) chains, and rollup networks, enabling multi-chain support. This integration positions Reservoir as a foundational layer for tokenized asset markets.
In addition to the funding, Union Square Ventures partner Nick Grossman has joined the Reservoir board as part of the deal. Reservoir's partnerships with industry giants such as Coinbase, OpenSea, Magic Eden, MetaMask, Zora, and others, further strengthen its position in the market.
With this funding, Reservoir aims to unlock powerful new use cases across finance and culture, positioning itself at the forefront of the rapidly evolving decentralized finance (DeFi) landscape. As Reservoir continues to grow, it looks forward to capturing the increasing demand for tokenized securities and assets.
For precise, up-to-date details on Reservoir’s expansion plans post-funding, it is advisable to consult Reservoir’s official press releases or statements from Union Square Ventures and Reservoir’s executives. The total amount raised by Reservoir now stands at $26 million.
The funds raised from the Series A round will be used to enhance Reservoir's technology, focusing on scaling the platform, expanding the engineering team, and improving liquidity and user experience for trading tokenized assets. With this investment, Reservoir aims to capitalize on the growing demand for tokenized securities and assets, positioning itself as a key player in the intersection of finance, technology, and investing, as well as the rapidly evolving decentralized finance (DeFi) landscape.
