Elastos has announced a $20 million funding round led by Rollman Management to advance its BeL2 network, a utility layer designed to enhance Bitcoin's appeal for decentralized finance (DeFi) applications. BeL2 aims to establish a decentralized BTC settlement network by enabling zkBTC full nodes to operate on mobile devices, removing the reliance on third-party confirmations. This development allows Bitcoin to engage in smart contracts via Zero-Knowledge Proofs without asset transfer. The initiative positions Bitcoin as a formidable entity in the DeFi space, leveraging its $2 trillion blockchain value.