Crypto infrastructure company Function completes $10 million seed round led by Galaxy Digital
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最新报道：According to the news from Coinnet, on July 15, the crypto infrastructure company Function (formerly Ignition) completed a $10 million seed round of financing, led by Galaxy Digital, with participation from Antalpha and Mantle. In addition to investment, Galaxy Digital will also participate in FBTC's core business, such as liquidity provision and governance framework design. The company is committed to developing institutional-grade yield solutions for Bitcoin. Function's core product FBTC is a fully-reserved, composable Bitcoin derivative asset with a current total locked value (TVL) of $1.5 billion. The product allows institutional users to configure Bitcoin to generate income while maintaining custody control and 1:1 asset support. [Coinnet]
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