Elastos, a native Bitcoin DeFi protocol, and Web3 data economy is excited to announce that it has secured $20 million in funding to scale its Bitcoin-aligned ecosystem.

According to the announcement, this funding results from its recent strategic partnership with Rollman management to fuel the launch of Elastos’ Native Bitcoin DeFi protocol BeL2. BeL2 is set for launch in Q2 of 2025. The protocol is designed to allow Bitcoin holders to collateralize BTC ($102,188.55) assets in their wallets. The protocol will also allow holders access to Ethereum smart contract services, including minting stablecoins, borrowing assets peer-to-peer...