Golden Finance reported that QED, a Bitcoin on-chain expansion protocol, has completed a $6 million seed round of financing, with Blockchain Capital as the only investor. Its founder revealed that this round of financing has brought QED's valuation to "9 figures", or at least $100 million. So far, QED's total financing has reached $10.6 million. Previously, the company had received $3.25 million in pre-seed financing from companies such as Arrington Capital, StarkWare, and Draper Dragon, and $1.35 million in angel round financing from companies such as Sparkle Ventures, which is supported by Animoca Brands.