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Bitway completes $4.44 million seed funding, valuation breaks through the $100 million mark
【Chain News】Bitway, the native Bitcoin Layer 1 protocol and infrastructure platform, has recently made significant moves—completing a $4.444 million seed round led by TRON DAO, with participation from HTX Ventures and other institutions. Including previous funding, Bitway has raised over $5.8 million from institutional investors. Even more impressively, after the seed round, they immediately conducted a targeted strategic financing round, with the valuation soaring directly to $100 million.
Regarding Bitway’s background, the team comes from the core Binance team, which is already quite convincing. The project was incubated through YZi Labs’ EASY Residency program and was subsequently recommended by Binance Accelerator.
On the product side, Bitway mainly has two pillars: one is Bitway Earn, positioned as an on-chain wealth management platform aiming to provide yield management solutions within the DeFi ecosystem; the other is Bitway Chain, serving as a Layer1 application chain focused on payment and financing solutions. Such a product combination is still relatively rare in the Bitcoin ecosystem.