UTXO Stack Completes New Round of Financing with a Valuation of US$50 Million, with UTXO Management and Others Participating

BlockBeats reported that on December 19, Bitcoin Layer 2 solution UTXO Stack completed a new round of financing with a valuation of US$50 million. The specific amount of financing has not been disclosed. This round of financing was participated by UTXO Management, PAKA, CMSOz, etc.

The new funds will accelerate the development of UTXO Stack, enhance the liquidity of the Lightning Network and introduce stablecoins into the Bitcoin ecosystem.

BlockBeats previously reported that on April 4, UTXO Stack completed a seed round of financing. This round of financing was jointly led by ABCDE Capital and SNZ Capital, and participated by CKB Eco Fund, OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab and UTXO Management. The specific amount of financing has not been disclosed.