Bitlayer, a Bitcoin layer-2 network, has raised a total of $16 million, including $11 million in its Series A funding round at a $300 million valuation, according to a July 23 statement shared with CryptoSlate.
Franklin Templeton, a prominent investment management firm and issuer of spot Bitcoin and Ethereum ETFs, and ABCDE led the Series A funding round.
Bitlayer stated:
“Franklin Templeton’s participation marks a notable milestone as Bitlayer becomes the first Bitcoin Layer 2 infrastructure project to secure strategic investment from an ETF-licensed institution.”
Its other investors include Framework Ventures, Stake Capital Group, WAGMI Ventures, Skyland Ventures, Flow Traders, GSR Ventures, FalconX, and others.
Eyes BitVM expansion
Bitlayer plans to use the funding for strategic and capital resources to support its expansion. The firm is developing a Bitcoin Layer 2 network based on the Bitcoin Virtual Machine (BitVM) system, which ensures Bitcoin-equivalent security.
Bitlayer
We współpracy z: https://cryptoslate.com/franklin-templeton-invests-in-bitlayers-300m-valued-bitcoin-infrastructure/
