Function Secures $10M to Transform Bitcoin into a Yield-Generating Powerhouse for Institutions
The crypto infrastructure startup Function has raised $10 million in a seed funding round led by Galaxy Digital, with participation from Antalpha and Mantle, marking a pivotal step in institutionalizing bitcoin yield strategies. The funding will accelerate the development of FBTC—a fully reserved, 1:1 bitcoin-backed asset designed to integrate seamlessly with decentralized finance (DeFi) while…