Tag: Babylon
Babylon Raises $15M from a16z for Bitcoin Collateral Vaults
TLDR: Babylon secures $15 million from a16z crypto to develop trustless Bitcoin collateral infrastructure globally. Over $1.4 trillion in Bitcoin sits idle today, with less than 1% wrapped for use in financial applications. BTCVaults use witness encryption and garbled circuits to lock Bitcoin without custodians or intermediaries. The technology enables lending, borrowing, and structured products
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