PANews reported on September 18 that according to Fortune, Hemi Labs, a startup co-founded by Bloq co-founder Jeff Garzick, has completed a $15 million financing round, led by Binance Labs, Breyer Capital and Big Brain Holdings, with participation from Crypto.com, Web3 Ventures, Hyperchain Capital, Alchemy and SALT Fund. Co-founder Max Sanchez said the company plans to use the funds to build Hemi's engineering team, add more Bitcoin interoperability features, and provide developers with advanced customizability, as well as incentives, grants and community adoption. Max Sanchez declined to disclose the company's valuation.