Crypto Infrastructure Funtion Function has set aside $10 million in seed funding to scale FBTC, a fully booked Bitcoin product, amid growing demand for BTC-based yield solutions.
The Crypto Infrastructure Furms Function, previously known as Ignition, raised $10 million in a seed funding round led by Galaxy Digital. The round also saw participation from Antalfa and Mantle.
This funding is primarily intended for further development and scaling flagship product FBTC. It is a fully booked, configurable Bitcoin (BTC) representative and is designed to help institutional and corporate finance ministries develop Bitcoin productively while maintaining full custody management and 1:1 asset backing.
The company announced that FBTC has already accumulated a total of $1.5 billion, and is deploying it as a major player in the institution's Bitcoin Yield Solutions.
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This funding and product launch comes amidst a wide range of industry trends where Bitcoin is evolving from a valuable passive reservoir to active, yield generating assets. Another notable example is Babylon Genesis, a Bitcoin staking protocol that is building solutions that allow Bitcoin owners to earn returns through Bitcoin multi-network staking and definition applications.
Goat Network is gaining even more momentum in this shift with the recent launch of the Bitcoin Heald Dashboard, offering multiple non-resistant profit margin products tied directly to BTC.
“By 2026, treating Bitcoin as a passive financial asset may no longer be sufficient. The new standard is to actively acquire yields.”
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