BlockBeats news, on January 15, the Web3 communication protocol Reown (formerly WalletConnect) announced the completion of a 13 million USD Series B financing. This round of financing was led by Union Square Ventures (USV) and 1kx, with participation from Global Digital Asset Holdings (a joint 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 amount of financing for 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 enabling payment for crypto subscriptions without the need for custodial accounts. Its crypto solution clients include financial infrastructure platform Stripe and gift card giant Raise.