BounceBit Secures $6 Million Seed Round Funding to Revolutionize BTC Restaking Ecosystem

We are thrilled to announce that BounceBit has successfully raised $6 million in its latest funding round, a significant milestone that underscores the growing interest and confidence in our ambitious vision for Bitcoin restaking. BounceBit is pioneering a groundbreaking BTC restaking infrastructure designed to create a foundational layer for various restaking products. Leveraging the regulated custody of Mainnet Digital and Ceffu, we aim to uplift the Bitcoin ecosystem with our unique BounceBit chain. This PoS Layer 1 blockchain showcases our innovative restaking product and integrates a dual-token system that benefits both BTC and BounceBit’s native token, thus enhancing the overall security of our network. Our approach ensures that critical ecosystem infrastructure, such as bridges and oracles, is fortified by restaked Bitcoin, allowing us to provide unparalleled security and scalability in cross-chain transactions. With the funds raised, we are poised to accelerate the development of this infrastructure, enabling Bitcoin holders to earn yield across multiple networks through our novel combination of centralized finance (CeFi) and decentralized finance (DeFi). This funding will not only support the expansion of our technical capabilities but also enhance the user experience within the BounceBit ecosystem. As we take this next step, we remain committed to empowering the Bitcoin community and fostering innovation in the decentralized finance landscape. Stay tuned for more exciting updates as we continue to build the future of BTC restaking!