Bitlayer Raises $11M in Series A Round Led by Franklin Templeton and ABCDE

Category: Finance

Bitlayer Labs has successfully completed an $11 million Series A funding round, led by Franklin Templeton and ABCDE, bringing total funding to $16 million. This investment marks a significant milestone as it is the first strategic investment in a Bitcoin Layer 2 project from an ETF-licensed institution. The funds will support the expansion of Bitlayer's ecosystem, including the development of a Bitcoin-native rollup and the establishment of Web3 protocols.

Keywords: Bitlayer, Bitcoin Layer 2, Series A funding

Source: PR Newswire

Update At: 7/23/2024

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