Babylon Labs Unleashes $15M Beast to Tame Bitcoin’s Wild Side 🐘💸

Babylon Labs has raised $15 million in funding from a16z crypto to support the development and scaling of Babylon Trustless BTCVaults, an infrastructure system designed to allow native bitcoin to be used as collateral across onchain financial applications, the company said in a blog post Wednesday. (Ah, yes-because nothing says “financial revolution” like locking up Bitcoin in a vault while pretending it’s still “free” 🤡)


