The raise would value the business at about $1 billion, according to the report.
Uniswap Labs is in the early stages of putting together a fundraising round of between $100 million and $200 million, Tech Crunch reported.Uniswap Labs, creators of the Uniswap Protocol, is reportedly eyeing a fundraise of between $100 million and $200 million at a $1 billion valuation., citing four people familiar with the matter.
Polychain and one of Singapore's sovereign wealth funds are said to be involved, though terms of the deal may change as discussions progress, the report added.Uniswap is the largest decentralized exchange in the crypto space.
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