{"id":87994,"date":"2023-12-07T18:54:48","date_gmt":"2023-12-07T16:54:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87994"},"modified":"2025-09-13T15:17:17","modified_gmt":"2025-09-13T12:17:17","slug":"babylons-bitcoin-staking-protocol-raises-18-million-in-series-a-round","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/babylons-bitcoin-staking-protocol-raises-18-million-in-series-a-round\/","title":{"rendered":"Babylon&#8217;s Bitcoin staking protocol raises $18 million in Series A round"},"content":{"rendered":"<p>Babylon, a project focused on using Bitcoin for <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a>, raised $18 million in a Series A round led by Polychain Capital and Hack VC. According to <a href=\\\"https:\/\/www.theblock.co\/post\/266518\/bitcoin-staking-babylon-series-a\\\">The Block<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>Among other investors: Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures and Symbolic Capital.<\/p>\n<p>Co-founder David Tse noted that the round described as &#8216;stock warrants plus tokens&#8217; began in late July and has only just concluded. In March, the project raised $8 million in seed funding.<\/p>\n<p>Babylon enables users to stake BTC in systems using the <a href=\"https:\/\/forklog.com\/en\/news\/proof-of-stake-how-it-works-and-why-it-is-so-popular\">Proof-of-Stake<\/a> mechanism and earn income from it. In doing so, the protocol is designed to boost the security of other blockchains.<\/p>\n<p>According to Tse, the project is already in talks with representatives of Cosmos Hub and Polygon.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p><cite>\u201cBabylon becomes a contributor to Polygon CDK and a broader ecosystem [\u2026]. The integration of Babylon&#8217;s solution into Polygon&#8217;s staking hub not only enhances the security of developing networks, but also eliminates the inflationary pressure inherent in traditional staking models,\u201d said Polygon co-founder Sandeep Nailwal.<\/cite><\/p><\/blockquote>\n<p>The protocol launch is expected to coincide with the next Bitcoin halving, Tse said.<\/p>\n<p>The funds will be used to expand the development team and grow the ecosystem.<\/p>\n<p>As reported in November, venture investment in crypto companies rose by 179% from October\u2014from $430 million to $1.2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Focused on using Bitcoin for staking, Babylon raised $18 million in a Series A round led by Polychain Capital and Hack VC.<\/p>\n","protected":false},"author":1,"featured_media":87995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1289,1133],"class_list":["post-87994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-staking","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87994"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87994\/revisions"}],"predecessor-version":[{"id":87996,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87994\/revisions\/87996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87995"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}