Franklin Templeton, a trillion-dollar asset manager and Bitcoin ETF issuer, led Bitlayer's $11m Series A funding round.

Franklin Templeton, a trillion-dollar asset manager and Bitcoin ETF issuer, led Bitlayer's $11m Series A funding round. The investment aims to scale the Bitcoin network, with the layer 2 project Bitlayer Labs focusing on faster and cheaper transaction processing. This marks the first investment of its kind from an ETF-licensed institution in a Bitcoin infrastructure project.

July 23, 2024
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