Bitlayer Labs Completes $11 Million Series A Funding, Led by Franklin Templeton and Others

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On July 23, Bitcoin Layer 2 infrastructure Bitlayer Labs announced the completion of a $11 million Series A financing round led by Franklin Templeton, ABCDE and Framework Ventures, with participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, FalconX and others.

The latest round of funding brings Bitlayer's total funding to $16 million. Bitlayer is committed to becoming Bitcoin's computing layer and is the first Bitcoin security equivalent Layer 2 based on the BitVM paradigm.

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