Official announcements from Babylon or verified reports from major financial news outlets

Babylon Raises $70 Million in Paradigm-Led Funding Round on May 30, 2024

May 30, 2024, 01:24 PM

On May 30, 2024, Babylon, a startup focused on Bitcoin staking, has successfully raised $70 million in its latest funding round. The round was led by Paradigm, a renowned crypto venture capital firm. This investment marks the largest recent funding in the Bitcoin ecosystem. Other investors in the round included Binance Labs and Polychain. The funds will be used to advance Babylon's trustless Bitcoin staking technology.