BounceBit Raises $6M in Seed Funding Round To Build Bitcoin Restaking Infrastructure
Summary
SINGAPORE, Feb. 28, 2024 /PRNewswire/ -- We are thrilled to announce that BounceBit has successfully closed a $6-million funding round to build BTC Restaking infrastructure. Additionally, notable angel investors include Nathan from Anchorage Digital, Calvin and Jessy from Eigenlayer, Kevin and Ashwin from Brevan Howard, Smokey from Berachain, George Lambeth, Pranay Mohan, James Parillo, RookieXBT, MacnBTC, Pentoshi and others. BTC Restaking provides shared security to infrastructure and DApps on BounceBit, e.g. bridges and oracles will be validated by restaked BTC.Another highlight of BounceBit is its transparent CeFi foundation that secures users assets via the regulated custody of Mainnet Digital and Ceffu, while leveraging on-chain asset traceability. Through an innovative CeFi + DeFi infrastructure, BounceBit empowers BTC holders to earn yield through delta-neutral strategies, whilst being additionally protected by an insurance fund.Looking ahead, BounceBits roadmap is structured towards the Mainnet Launch in April, coinciding with the Bitcoin halving. Through an innovative CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.