$BOB Raises €8.1M to Power Hybrid Bitcoin Layer 2
London-based BOB has secured a fresh €8.1M strategic round to accelerate its hybrid Layer 2 chain — enabling users to earn yield on native BTC without custodians or wrapped tokens.
Who’s backing them?
• New investors: Anchorage, Amber Group, Sats Ventures
• Returning backers: Castle Island Ventures, Ledger, RockawayX, Asymmetric, IOSG Ventures, UTXO Management, Daedalus, CMS, Bankless Ventures, Hypersphere, Alliance, Sigil/Zeeprime
Total funding now: €18M since Dec 2024.
Why it matters:
• Hybrid Chain model merges Bitcoin security with Ethereum’s ecosystem.
• All apps, assets & transactions secured by billions in staked BTC.
• Native BTC bridges to Ethereum & beyond for multi-chain yield.
• First hybrid ZK rollup, cutting costs & boosting efficiency.
🔜 Mainnet launch is coming, with testnet already live alongside partners like Lombard, Amber Digital & RockawayX — setting the stage for native Bitcoin DeFi at scale.
