BlockBeats news, on January 15, the Web3 communication protocol Reown (formerly WalletConnect) announced the completion of a $13 million Series B financing round. This round was led by Union Square Ventures (USV) and 1kx, with participation from Global Digital Asset Holdings (a joint venture investment company established by SC Ventures and SBI Holdings), Shopify Ventures, Kraken Ventures, Crypto.com Capital, Figment, Kiln, Everstake, BitGo Ventures, and Fenbushi.

As of now, the total financing amount of the company has reached 38 million USD. The new funds are intended to build its SDK—Reown AppKit and Reown WalletKit to further develop the on-chain user experience platform, addressing issues such as making crypto subscription payments without the need for custodial accounts. Its crypto solution clients include financial infrastructure platform Stripe and gift card giant Raise.