Arch Labs has secured $13 million in Series A funding from Pantera Capital to develop ArchVM, aiming to enable smart contracts on Bitcoin by summer 2025.
This project will introduce programmable multi-signature capabilities and composability features, enhancing decentralized applications directly on the Bitcoin network.
Led by CEO Matt Mudano, Arch Labs envisions building a permissionless financial system using Bitcoin's blockchain for increased usability and security.
The recent funding will facilitate technological advancements in decentralized finance (DeFi) amidst rising regulatory scrutiny.
Full story here: https://coincu.com/333744-arch-labs-bitcoin-smart-contracts
