Reown, formerly known as WalletConnect, has closed a Series B funding round, raising $13 million to enhance its onchain user experience (UX) platform. The funding brings the company's total funding to $38 million. Led by USV and 1kx, the round saw participation from several investors, including Global Digital Asset Holdings, Kraken Ventures, and Crypto.com Capital. Reown's products aim to improve onchain UX by reducing friction between traditional finance, decentralized finance (DeFi), and fintech. The company plans to use the funding to further develop its SDKs, Reown AppKit and Reown WalletKit. Reown is one of the main developers of the WalletConnect network, which has over 35 million users globally.



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