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Babylon announces completion of $15 million funding, with the investor being a16z crypto. Babylon was co-founded by Stanford University professor David Tse and Fisher Yu in 2021, developing a decentralized protocol called BTCVaults aimed at enabling Bitcoin collateralization without relinquishing control of Bitcoin. The company states that it plans to integrate with Aave in Q2 2026. Currently, Babylon has not generated revenue, and the team size has exceeded 40 people. (Fortune)