Babylon announced the completion of a $15 million financing round, with a16z crypto as the investor. Babylon was co-founded in 2021 by Stanford University professors David Tse and Fisher Yu, and has developed a decentralized protocol called BTCVaults, aimed at enabling Bitcoin staking without surrendering control of Bitcoin. The company stated it plans to integrate with Aave in Q2 2026. Currently, Babylon has not generated revenue, and the team size has exceeded 40 people. (Fortune)
Babylon announced the completion of a $15 million financing round, with a16z crypto as the investor. Babylon was co-founded in 2021 by Stanford University professors David Tse and Fisher Yu, and has developed a decentralized protocol called BTCVaults, aimed at enabling Bitcoin staking without surrendering control of Bitcoin. The company stated it plans to integrate with Aave in Q2 2026. Currently, Babylon has not generated revenue, and the team size has exceeded 40 people. (Fortune)