What is Function?
Function is developing (BTC), a hyper-liquid and composable Bitcoin asset designed to build the financial infrastructure necessary to activate Bitcoin. The company's objective is to evolve Bitcoin from a passive asset into a fully functional, capital-efficient reserve asset suitable for both Decentralized Finance (DeFi) and Traditional Finance (TradFi) markets. This strategic initiative aims to unlock new avenues for Bitcoin utilization and value generation.
How much funding has Function raised?
Function has raised a total of $10M across 1 funding round:
Seed
$10M
Seed (2025): $10M with participation from Mantle Capital, Galaxy, and Antalpha
Key Investors in Function
Mantle Capital
Mantle Capital is an asset management firm dedicated to long-term capital preservation and growth, specializing in diversified portfolios and sustainable growth. Led by Managing Director Geoff Hamm, they aim to identify and capitalize on investment opportunities for individuals and institutions.
Galaxy
Galaxy is a digital asset and blockchain leader providing access to the growing digital economy by connecting financial sophistication with technological expertise and institutional web3 innovations.
Antalpha
Antalpha is a digital asset financial service provider offering asset management, crypto lending, trading, and venture capital, striving to be a trusted counterparty for institutions and a source of innovation in Web 3.0 infrastructure.
What's next for Function?
This substantial enterprise-level financing, characterized as a major strategic investment, positions Function for significant scaling and infrastructure development. The capital infusion is expected to accelerate the creation of its composable Bitcoin asset, thereby enhancing Bitcoin's utility within both DeFi and TradFi ecosystems. Function's focus on transforming Bitcoin into a yield-generating and capital-efficient reserve asset indicates a forward-looking strategy to integrate digital assets more deeply into global financial markets.
See full Function company page
