Babylon Secures $15M to Push Bitcoin DeFi Beyond Wrapped BTC

In a big win for BitcoinDefi, Babylon, the project building trustless BTC “vaults” and native Bitcoin staking primitives, has closed a $15 million funding push led by a16z Crypto. a16z’s crypto arm has made a strategic investment into Babylon via a BABY token purchase. It will be providing roughly $15 million of capital to accelerate

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