A16z Crypto purchased $15M worth of BABY tokens to support Babylon’s development of trustless Bitcoin Vaults (BTCVaults), enabling native BTC to be used as onchain collateral without custodians or wrapping. The funding brings Babylon’s total disclosed raise to $103M.

A16z Crypto purchased $15M worth of BABY tokens to support Babylon’s development of trustless Bitcoin Vaults (BTCVaults), enabling native BTC to be used as onchain collateral without custodians or wrapping. The funding brings Babylon’s total disclosed raise to $103M.

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