Babylon Secures Significant Funding Again

Babylon, the Bitcoin staking protocol that builds infrastructure to enable staking rewards for Bitcoin within a proof-of-stake system, has raised $70 million in fresh financing led by Paradigm, with support from Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, and Hack VC. According to the company, this funding will accelerate the process of making Bitcoin the security backbone of PoS systems.