London -based crypto infrastructure startup Bob Hybrid Layer has raised € 8.1 million strategic rounds to create 2 chains that allow users to earn yield at domestic BTC without custodian or wrap token.
This most recent strategic round came up with new supporters, including Amberz, Amber Group and Sats Ventures, as well as previous investors such as Castle Island Ventures – which led the previous € 8.6 million seed round – as well as laser, Rockwex, Asmatric, IOSG, Dedal, Dedal, Dedal, Dedal, Dedal, Dedal, Dedal, Dedalus, Dedalus, CMS. Stream, CMS -Aires, CMS -Aires. They followed the € 1.3 million Angel rounds raised from the undisclosed crypto-net investors in early 2023.
This has led to a total of 18 million dollars across the series of funds from December 2024.
Alexei JamaatinBob co-founder and BitVM core contributors, say: “We are attracting new partners and many of our main investors have doubled that our team talks to the central role of Bitcoin to define DFI. Recent development and tear 1 partners have been able to support Bob to support Bob to support Bob to support their Bitcoin techniques.”
Established in 2024, Bob works with a distribution team across Europe and North America. The company deliberately puts a lower profile through its research and development episode and it is now setting on the spotlight as it approaches the mainnet launch.
The raised funds will accelerate the development of the hybrid chain infrastructure of Bob, expand the ecosystem integration and support institutional adoption.
As Bitcoin Defi’s entrance, Bob wants to be the easiest and safe place to earn with Bitcoin. Its hybrid chain model combines the strengths of Bitcoin and the Eotherium networks, which means all applications, resources and transactions are protected by billions of dollars stacked BTC. Additionally, Bob BTC-protected bridges will operate on Etherium and other chains, providing an entrance to the yield of Bitcoin across multiple chains.
Recently, Bob has been launched Native Bitcoin Defi Its testnets, including top companies and longords, Amber Digital and Rockwex, with the support of DFI protocols. This develops, driven by Bob’s BitVM BridgeNative BTC will create, not wrap presentations, it is available for their broad Bitcoin DFI ecosystem when it goes live in Mennet.
In addition to this Bob also said that they were the first Rollup of Hybrid ZDramatically reduces the cost of optimistic rollups through the benefits of zero-knowledge technology for fraud dispute and enhance the skills. Additionally, bob’s Integration with fire blocks Bobblock’s secure wallet with the Bob network combines institutional access to Bitcoin DFI.
Nick CarterThe founding partner in Castle Island Venture says: “We believe in the huge potential of Bitcoin DFI and see BitVM as the best BTC deposit and best way to withdraw. BitVM and Bitcoin final are the only level of implementing BTVM for trustless deposits through stacked Bitcoin for Bitcoin-Protected DFI transactions. We are eager to support Bob’s mission to raise our investment and create gateway in Bitcoin DFIThe “
Although the startup is still in the process of updating its public-Facebook materials — with a LinkedIn page and team list-it is preparing for extensive visibility as it is close to the Mainnet release.
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