Bitcoin infrastructure Alpen Labs completed US$8.5 million in strategic financing, led by Cyber ​​Fund and others

PANews reported on January 13 that according to official news, Alpen Labs, the financial infrastructure on the Bitcoin chain, announced the completion of strategic financing of US$8.5 million. DBA and Cyber ​​Fund co-led the investment, and Ribbit Capital, Castle Island Ventures and Geometry were its seed rounds. The largest investor in the financing, and once again supported Alpen in this round of financing. This round of funding will help it accelerate the development of the Bitcoin ZK Rollup “Strata” and release it to the mainnet in 2025.

According to reports, Strata will be launched as an open platform designed to expand and promote the use of Bitcoin, which will unlock many practical features for Bitcoin: simple self-custody, intuitive and privacy-protecting payments, interoperability, and Bitcoin-based Supported lending and stablecoins, as well as many other on-chain applications. Strata will be available to the public starting next month with the upcoming testnet release.

Previously, it was reported in April last year that Bitcoin L2 developer Alpen Labs completed US$10.6 million in financing, with Ribbit Capital leading the investment.