Universal, a wrapped asset startup, has successfully raised $9 million in a funding round led by a16z. Universal Protocol aims to make all types of tokens tradable on crypto platforms, with over $800 million in uAsset volume traded since its launch. The recent funding round will be used to expand Universal's offerings and attract more users to its front-end experience. The team acknowledges the challenges they faced in the past but are now focused on scaling up and making their offerings as ubiquitous as wrapped bitcoin.



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