⚡️ @BitlayerLabs has raised $11M in a Series A funding led by @FTI_US

Bitlayer, a #Bitcoin infrastructure project, announces the closure of its $11M Series A investment at a valuation of $300M. The round was co-led by Franklin Templeton & @ABCDELabs and joined by @hiFramework, @StakeCapital, @Wagmi_vc, @FlowTraders, @GSR_io, and @Falconxnetwork, among others. Back in March, Bitlayer raised $5M seed round from @hiFramework, @KeneticCapital, @StarkWareLtd, @OKX_Ventures, and others. Bitlayer Labs is building a Bitcoin Layer 2 network based on the Bitcoin Virtual Machine (BitVM) system, which offers Bitcoin-equivalent security.

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