0x Labs Gets $70M in Series B to Further Web3, DEX Efforts

Notable investors included Greylock, Coinbase, OpenSea, Pantera Capital and Thirty Seconds to Mars’ Jared Leto

article-image

Blockworks exclusive art by axel rangel

share
  • 0x Labs said the fresh injection of capital will go toward its product and service offerings, including Matcha and the 0x protocol
  • The protocol has been picked up by Coinbase and will power the major exchange’s NFT marketplace

Decentralized exchange infrastructure provider 0x Labs has raised $70 million in fresh capital that it says will help further its products and service offerings.

Silicon Valley-based venture capital firm Greylock led the round, according to a statement on Tuesday. 0x Labs provides exchange functionality for tokenized assets including various cryptos, decentralized finance (DeFi) tokens and NFTs.

Several notable investors also participated, including Pantera Capital, Sound Ventures, A.Capital, Jump Capital, OpenSea, Coinbase, Brevan Howard, Reid Hoffman and actor Jared Leto.

The San Francisco-based firm said it would use the funding to fuel “continued growth” in its token search engine Matcha, as well as 0x API, an aggregated multichain liquidity-as-a-service. Matcha, which launched in June 2020, was a major focus of the firm’s $15 million Series A led by Pantera.

Funding will also go toward 0x’s protocol which provides a peer-to-peer exchange of assets on the Ethereum blockchain as well as efforts to integrate new chains including Solana.

The protocol has been picked up by Coinbase and will power the major exchange’s NFT (non-fungible token) marketplace – released in beta last week to considerable fanfare.

0x currently supports seven blockchains: Ethereum, Polygon, Fantom, Avalanche, Optimism, BNB Chain and Celo.

Earlier this year, 0x Labs launched a set of NFT swap features, allowing users to exchange digital collectibles across multiple blockchains.

“We are still very early on the [decentralized exchange] adoption curve,” Greylock partner Sarah Guo said in the release. “0x Labs…is perfectly positioned to lead the Web3 charge as more and more value is tokenized and needs a standard to be moved and exchanged.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

More than 75 million U.S. Galaxy owners gain integrated Coinbase One access through Samsung Wallet, with global rollout planned

by Blockworks /
article-image

The central bank signed agreements with firms for fraud, payments, and app services ahead of a potential launch

by Blockworks /
article-image

Experts agree that the shutdown will delay new crypto ETF approvals, but lawmakers seem keen to move ahead with legislative work

article-image

The perp DEX verifies matching and liquidations with custom zero-knowledge circuits and keeps user assets on Ethereum

article-image

The derivatives giant will extend futures and options access to round-the-clock trading in early 2026

by Blockworks /
article-image

Global fiber network goes live as SEC clears 2Z token for utility use

by Blockworks /