Bitcoin Staking Project Babylon Raises $70M Led by Paradigm B | 🔸️ Bitcoin News
Bitcoin Staking Project Babylon Raises $70M Led by Paradigm
Bitcoin project Babylon has raised $70 million in funding to advance its plans to build staking on the world's largest blockchain. The funding round was led by Paradigm and included contributions from Polychain Capital and the venture arm of crypto exchange Bullish (also CoinDesk's parent company). Babylon offers bitcoin (BTC) as a staking asset, allowing proof-of-stake chains to acquire funding from the deep reserves stored in BTC.
