Binance Labs has recently made an undisclosed investment in the Bitcoin staking protocol called Babylon.
In addition, in recent weeks, Binance Labs has extended its investments to Renzo and Puffer Finance, liquid restaking protocols on Ethereum. Let’s see all the details below.
Binance Labs supports Babylon in the Bitcoin staking sector
As anticipated, Binance Labs, the incubation and venture capital arm of the cryptocurrency platform Binance, recently made an investment in Babylon, a staking protocol for Bitcoin.
Therefore, Binance Labs’ interest in startups operating in the staking and restaking sectors is once again evident with this investment.
The exact amount of investment from Binance Labs has not been disclosed. However, Babylon’s co-founder, David Tse, confirmed that it follows the same structure as Babylon’s seed and Series A rounds.
These rounds have seen a collection of $18 million in Series A in December 2023 and $8.8 million in seed in 2022.
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We współpracy z: https://en.cryptonomist.ch/2024/02/28/binance-labs-expands-investments-support-for-babylon-bitcoin-staking-protocol/
