Bitcoin Layer-2 Chain Bitlayer Raises $11M Led by ETF Issuer Franklin Templeton

Category: Finance

Bitlayer Labs raised $11 million in a Series A funding round, valuing the company at $300 million. The investment, led by Franklin Templeton, indicates growing interest from traditional finance in decentralized finance. Bitlayer's technology aims to enhance Bitcoin's utility through Turing completeness, enabling Ethereum-style smart contracts on the Bitcoin blockchain.

Keywords: Bitlayer Labs, Bitcoin, decentralized finance

Source: CoinDesk

Update At: 7/23/2024

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