CoinDesk••1 min read
Babylon Labs Secures $15M from a16z Crypto for Bitcoin Collateral
The Arch TakeBullish
Babylon Labs has raised $15 million in funding from a16z crypto. The funding will be used to develop Babylon Trustless BTCVaults. This infrastructure aims to enable native Bitcoin to be utilized as onchain collateral without the need for custodians or wrapping, according to reports.
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