Crypto infrastructure company Function completes $10 million seed round of financing, led by Galaxy Digital

PANews
2025/07/15 18:03
SEED
SEED$0.001544-2.27%

PANews reported on July 15 that according to CoinDesk, 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 businesses 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 yield scenarios while maintaining custody control and 1:1 asset endorsement.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

A giant whale sold $3.52 million of FARTCOIN in exchange for nearly 600 million PUMP

A giant whale sold $3.52 million of FARTCOIN in exchange for nearly 600 million PUMP

PANews reported on July 15 that according to Onchain Lens monitoring, a whale recently sold 2.75 million FARTCOINs, worth about $3.52 million, to purchase 59.857 million PUMP tokens. Currently, the
FARTCOIN
FARTCOIN$1.21841-7.36%
pump.fun
PUMP$0.006517+20.64%
Share
PANews2025/07/15 15:26
FRNT Financial, a listed company, is raising $2 million in private placement to launch a spot Bitcoin reserve program

FRNT Financial, a listed company, is raising $2 million in private placement to launch a spot Bitcoin reserve program

PANews reported on July 15 that according to an official announcement, Canadian listed company FRNT Financial Inc is conducting a private placement financing of 2 million Canadian dollars at a
SpotSquad
SPOT$0.000000000000000518-47.51%
Launchplaza
LAUNCH$0.00000000000000921+84.20%
Share
PANews2025/07/15 21:54
CoinShares: Digital asset funds received $3.7 billion in inflows last week, the second-highest weekly inflow in history

CoinShares: Digital asset funds received $3.7 billion in inflows last week, the second-highest weekly inflow in history

PANews reported on July 14 that according to the latest report from CoinShares, digital asset investment products recorded an inflow of $3.7 billion last week, the second highest weekly inflow
MetaDOS
SECOND$0.0000237-4.81%
Share
PANews2025/07/14 16:35

Trending News

More

A giant whale sold $3.52 million of FARTCOIN in exchange for nearly 600 million PUMP

FRNT Financial, a listed company, is raising $2 million in private placement to launch a spot Bitcoin reserve program

CoinShares: Digital asset funds received $3.7 billion in inflows last week, the second-highest weekly inflow in history

Microbus International and Ripple Strategy Holdings reach $100 million equity investment agreement

TRX holds strong despite downward flip for top altcoins