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Babylon raises $18m in Series A funding

Kate Wang

December 7, 2023

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Kate Wang

bitcoin
defi

Australia based Bitcoin staking protocol raised $18m in Series A funding led by Polychain Capital and Hack VC.

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"The aim of the project is 'to build a Bitcoin-secured decentralized world" by converting all 21 million BTC that will ultimately exist into a decentralized staking asset."

https://www.coindesk.com/business/2023/12/07/bitcoin-project-babylon-raises-18m-to-bolster-development-of-staking-protocol/

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