Babylon raised $70M funding round

May 30, 2024

Bitcoin staking protocol Babylon raised $70M in a funding round led by Paradigm, with participation from Polychain Capital, Bullish, Hashkey Capital, Hack VC, Galaxy Digital, IOSG Ventures, Breyer Capital, Amber Group, Mantle Network, HTX Ventures (ex Huobi Ventures), ViaBTC Capital, LD Capital, ImToken Ventures, P2P Validator, Allnodes, Everstake, InfStones, Luganodes, Stakin, RockX, Stakewithus, 01node, Bware Labs, Nodes Guru, Ryan Fang, Smokey The Bera, Ajit Tripathi, Waikit Lau, domo.

Babylon is a Bitcoin staking infrastructure project pioneering a Bitcoin staking protocol to enhance the security of Proof of Stake (PoS) networks and decentralized applications (DApps). This innovative protocol enables Bitcoin holders to stake their assets, earning rewards and reinforcing the security of PoS chains and DApps.

You can find all funding rounds, links, and details on the project page Babylon