$8.5M Funding Boost: Alpen Labs Advances Bitcoin ZK Rollup Strata Development
Alpen Labs has secured $8.5 million in strategic funding, led by Cyber Fund and DBA, with support from Ribbit Capital, Castle Island Ventures, and Geometry.
The funds will accelerate the development of Strata, a Bitcoin ZK Rollup platform set to launch its testnet in February 2025. Strata aims to boost Bitcoin adoption with features like private payments, easy self-custody, stablecoins, and bitcoin-backed lending.
Developers will gain early access through a devnet, while the public can explore the platform next year. Alpen Labs envisions Strata as a key innovation combining zero-knowledge proofs with Bitcoin’s financial ecosystem.
Clever Robot News Desk 14th January 2025
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