According to Fortune, Bitcoin L2 project Bitlayer Labs announced the completion of US$11 million Series A financing, led by Franklin Templeton, ABCDE and Framework Ventures, with participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, FalconX and others. This round of financing brings Bitlayer's total financing to US$16 million. The new financing will be used to support the number of protocols built within its ecosystem. The company's development team continues to work on building its Mainnet-V2, a Bitcoin native rollup.