According to Techub News, The Block reported that the Bitcoin re-staking platform SatLayer completed a $8 million Pre-Seed round of financing, led by Hack VC and Castle Island Ventures, with participation from Franklin Templeton, OKX Ventures, Mirana Ventures, Amber Group, Big Brain Holdings, CMS Holdings, etc., as well as angel investors from companies such as aPriori, Custodia Bank, LayerZero, Manta Network, Magic Eden, Sui and Pendle.
SatLayer, a Bitcoin rehypothecation platform built on Babylon, launched today.