CandleFocus Alpen Labs Raises $8.5 Million to Advance Development of Bitcoin ZK Rollup Strata
2025-01-14
Author: Content Editor
Bitcoin infrastructure company Alpen Labs has raised $8.5 million in strategic financing to accelerate the development of its bitcoin ZK Rollup platform, Strata. The funding round was led by Cyber Fund and DBA, with participation from Ribbit Capital, Castle Island Ventures, and Geometry. Strata aims to make self-custody of bitcoin easier and scalable, while also offering features such as user-friendly and private payments, interoperability, stablecoins, and bitcoin-backed lending. The platform will be accessible to the public from February via its upcoming testnet, with developers getting early access through the devnet. Strata's mainnet is scheduled for launch in 2025.
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