Traditional asset management giant Franklin Templeton leads Bitlayer's Series A funding of $11 million, marking a milestone event that signifies the formal entry of the Bitcoin Layer 2 space into an institutional era. As a financial giant managing $1.6 trillion in assets, its entry not only brings financial support to Bitlayer but also introduces traditional financial risk control systems and compliance resources.
This financing will focus on three strategic directions:
1. BitVM Bridge cross-chain ecosystem expansion: Plans to connect 20 mainstream public chains by the end of 2025, achieving seamless circulation of Bitcoin liquidity in a multi-chain ecosystem. Currently, technical integration has been achieved with Base, Starknet, Arbitrum, etc., supporting YBTC for direct use in the Solana ecosystem's gaming economy and DeFi protocols;
2. Institutional-level security audit: Engaging SlowMist Technology for comprehensive penetration testing to ensure that BitVM Bridge's fraud-proof mechanism and Rollup architecture can withstand 51% attacks;
3. Compliance layout: Collaborating with Chainalysis to establish an on-chain transaction monitoring system to meet SEC regulatory requirements for digital asset custody.
Bitlayer co-founder Charlie Hu stated, "The entry of traditional financial institutions will accelerate the transformation of Bitcoin from a 'speculative asset' to a 'productive asset.' Our goal is to enable every BTC to generate returns on-chain, which is precisely the long-term value that Franklin Templeton values most."
