dlcBTC Secures Strategic Funding to Pioneer Bitcoin DeFi Innovations

In a landmark development for the Bitcoin DeFi space, dlcBTC is thrilled to announce the successful closure of a strategic funding round led by OKX Ventures and several other industry investors.

In addition to OKX Ventures, new investors are Foresight Ventures, Animoca Ventures, Cryptogram Ventures, Hailstone Labs, Lotus Capital, Web3.com Ventures, Michael Jin, Allan Matheson and Dae Lee.

The investment marks a significant milestone for dlcBTC, underscoring our commitment to revolutionizing the DeFi landscape with our pioneering Bitcoin-centric solutions.

Founded with the vision to integrate the robustness and security of Bitcoin into the dynamic world of DeFi, dlcBTC introduces a novel approach to decentralized finance.

Our flagship offering, dlcBTC token, is a testament to our innovative spirit. Unlike traditional wrapped Bitcoin solutions that compromise on the principles of self-custody and decentralization, dlcBTC ensures that BTC holders can engage with DeFi protocols without relinquishing control over their assets.

The investment from OKX Ventures, the investment arm of one of the world's leading cryptocurrency exchanges, OKX, and other key players in the blockchain industry, is a vote of confidence in dlcBTC's mission.

It validates our technological advancements and aligns with our vision of creating a more inclusive and decentralized financial system.

A Leap Forward with dlcBTC

At the core of dlcBTC's innovation is dlcBTC, a decentralized wrapped Bitcoin solution leveraging Discreet Log Contracts (DLCs) power.

This breakthrough technology enables BTC holders to "self-wrap" their assets, maintaining full custody while participating in DeFi ecosystems.

The unique architecture of dlcBTC ensures unparalleled security and censorship resistance, addressing the critical vulnerabilities associated with traditional wrapped Bitcoin and bridging solutions.

The Power of Collaboration

This funding round is not just a financial boost for dlcBTC: it represents the beginning of strategic partnerships that will drive forward the safe integration of BTC into mainstream DeFi applications.

With the support of OKX Ventures and other investors, dlcBTC is set to expand its dlcBTC Merchants and DLC Attestors network, further enhancing the liquidity, security, and utility of dlcBTC across various DeFi platforms.

Looking Ahead

The strategic investment will help us to accelerate our roadmap, enabling us to introduce more features, expand our ecosystem, and strengthen our infrastructure.

Our immediate focus is on launching dlcBTC seamlessly and exploring new frontiers in DeFi that can benefit from BTC's security and liquidity.

As we embark on this exciting journey, we remain committed to our founding principles: security, decentralization, and innovation.

We are grateful for the trust and support of OKX Ventures and our other investors, and we look forward to collaborating with the broader blockchain community to redefine DeFi's possibilities.

About dlcBTC

As a decentralized wrapped Bitcoin, dlcBTC leverages Discreet Log Contracts (DLCs) and Chainlink's Cross-Chain Interoperability Protocol (CCIP) to provide a theft-proof bridge to cross-chain DeFi, backed by the security of the Bitcoin network. dlcBTC unlocks yield for your Bitcoin in DeFi with the benefit of lower fees and merchant self-custody, empowering users to put their Bitcoin to work.

Website | X (Twitter) | Telegram | Discord | Dune Dashboard