Right this moment, BOS (BitcoinOS) introduced a profitable $10M greenback fund increase. BOS is an modern Bitcoin “working system” constructed round zero-knowledge proofs, a layer two protocol designed to unlock good contracts for Bitcoin, corresponding to interoperability throughout blockchains, probably unlocking institutional worth for Defi whereas opening bitcoin yield alternatives for conventional finance.
Greenfield Capital led the strategic rounds, with backing from different capital traders together with FalconX, DNA Fund, Bitcoin Frontier Fund, Belief Machines, UTXO Administration, LR Ventures, Silvermine Capital, and MMW 2020 Belief. Angel traders like Paul Taylor (former Blackrock Personal Fairness Companions), and Leeor Groen (Spartan Group Companion) additionally participated within the rounds.
Funding “might be primarily used to proceed the momentum of technological achievements to remodel the web right into a unified worldwide economic system of belief constructed on Bitcoin,” BOS mentioned in a press launch shared with Bitcoin Journal. The BOS roadmap contains ramping up the manufacturing part of each institutional and developer protocols earlier than market roll-out.
Founding Companion of Greenfield Capital, Jascha Samadi, mentioned, “BitcoinOS’s profitable verification of ZK proofs straight on Bitcoin mainnet represents a basic breakthrough in blockchain infrastructure. They’ve achieved true Bitcoin programmability with out modifying the bottom protocol—fixing a problem the {industry} has confronted since Bitcoin’s inception. This know-how transforms Bitcoin from a retailer of worth into the safe basis layer for your entire digital asset ecosystem.”
BOS CEO and Co-founder Edan Yago affirms, “We at the moment are in a really thrilling time for Bitcoin, and this fundraise will strongly contribute to its exponential development. The boldness instilled in us from capital traders and Bitcoin-focused funds is a testomony to the excessive demand and powerful market pleasure in our achievements. We’re proud to speed up Bitcoin and BTCFi into true mainstream adoption whereas sustaining the decentralized and trustless ethos it was based upon.”
BOS has achieved a collection of technical milestones which have introduced it recognition from {industry} gamers and traders. Highlights embrace an “industry-first” bridgeless cross-chain asset transfer, and the launch of Charms, a protocol for programmable tokens on Bitcoin that leverages zk-proofs to allow client-side validation of transactions. BOS has additionally built-in with a number of ecosystems, notably Cardano, Ethereum, and Litecoin, to allow trustless Bitcoin bridging.
Most just lately, BOS introduced Grail Pro, an institutional-grade protocol that enables BTC yield era whereas retaining self-custody. “That is presently in a pilot with key establishments and custodians as Grail Professional goals to unlock $690M of institutional BTC securely,” in response to the press launch.
Bitcoin Journal is wholly owned by BTC Inc., which operates UTXO Management, a regulated capital allocator targeted on the digital property {industry}. UTXO invests in a wide range of Bitcoin companies and maintains important holdings in digital property.
