Foresight News reports that Catalyst,，a cross-chain liquidity protocol for modular blockchains, has completed a $4.2 million seed round of financing led by Spartan Group，with participation from Foresight Ventures, Robot Ventures, Maven11, Alchemy Ventures, HashKey Capital, Circle Ventures, Superscrypt, among others. Notable angel investors include Calvin Liu, Aditi Sriram, and David Phelps. In the coming months, Catalyst will focus on the release of its whitepaper and testnet, and plans to expand into the Ethereum ecosystem.
Catalyst can provide liquidity between modular blockchains, automatically connecting liquidity to any new modular blockchain network, and enabling liquidity exchange with any blockchain, including liquidity hubs such as Ethereum and Cosmos.