What is Bitlayer?
Founded in 2023 and headquartered in Singapore, Bitlayer is a specialized blockchain infrastructure firm dedicated to reconciling the historical trade-off between security and Turing completeness in Bitcoin Layer 2 networks. By leveraging advanced cryptographic innovations and rigorous protocol engineering, the company aims to provide a robust framework that enables complex smart contract functionality on the Bitcoin blockchain without compromising its foundational security principles. Bitlayer is positioned as a critical middleware provider for the next generation of decentralized applications, effectively bridging the gap between legacy Bitcoin architecture and modern, high-performance blockchain requirements.
How much funding has Bitlayer raised?
Bitlayer has raised a total of $17M across 1 funding round:
Series A
$17M
Series A (2024): $17M with participation from Franklin Templeton and ABCDE
Key Investors in Bitlayer
Franklin Templeton
A global investment management organization with a long history of financial innovation, including pioneering tokenized mutual funds on blockchain technology.
ABCDE
A Singapore-based investment management firm specifically focused on supporting and scaling early-stage crypto builders and blockchain infrastructure projects.
What's next for Bitlayer?
With this major enterprise-level funding, Bitlayer is well-positioned to accelerate its research and development initiatives, focusing on the expansion of its protocol capabilities and the cultivation of a broader developer ecosystem. The strategic backing from prominent global investors suggests a long-term commitment to scaling Bitlayer's infrastructure to meet the demands of institutional-grade decentralized finance. Moving forward, the company is expected to prioritize the integration of its Layer 2 solutions with existing financial platforms, potentially setting a new standard for interoperability and efficiency in the Bitcoin-centric blockchain landscape.
See full Bitlayer company page
