MATH Global Foundation Receives $12 Million in Funding Round From Binance Labs

The MATH Global Foundation, the self-described “Singapore-based foundation behind the development of MathWallet,” has revealed they completed a $12 million Series B funding round, according to a press release from the group.

The round was lead by Binance Labs, the venture capital group of Binance. This funding will allow MATH to increase their upgrades on the platform, as well as develop their dApp platform.

MathWallet describes itself as “one of the first crypto wallets to support the Binance Smart Chain (BSC),” the release continues.

Speaking on the matter is Wei Zhou, the Head of Binance Labs, who said:

“We have been super impressed with the MATH’s growth since its launch. Their comprehensive coverage of public blockchains and their early support for and cooperation with the Binance Smart Chain were instrumental in our investment decision. We look forward to growing the DeFi ecosystem together with MATH.”

Also sharing some thoughts is Eric Yu, the CTO of MathWallet, who said:

“We are delighted that Binance Labs has chosen to invest in our growth. MathWallet has been focusing on the development and innovation in the wallet field. Within just three years, the team has grown from a small start-up to one of the most influential companies. We support the most public chains and have more than one million users. The deep cooperation with Binance Labs and Binance Smart Chain will further expand our business to the global market and continuously breakthrough with innovation. We believe this is a field full of opportunities, and our efforts will enable more users to begin their access to the world of blockchain.”