UTXO Stack completes a new round of financing with a valuation of $50 million, with participation from UTXO Management and others.

According to BlockBeats, on December 19, the Bitcoin Layer 2 solution UTXO Stack completed a new round of financing with a valuation of $50 million. The specific amount of financing has not been disclosed, and this round of financing was participated by UTXO Management, PAKA, CMSOz, and others.

New funding will accelerate the development of UTXO Stack, enhance liquidity in the Lightning Network, and introduce stablecoins into the Bitcoin ecosystem.

BlockBeats previously reported that on April 4, UTXO Stack completed its seed round financing, led jointly by ABCDE Capital and SNZ Capital, with participation from CKB Eco Fund, OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab, and UTXO Management. The specific amount of financing has not been disclosed.