According to ChainCatcher, Bitcoin infrastructure company Blockstream has completed $210 million in convertible note financing, led by Fulgur Ventures. This round of financing will be used to accelerate the market adoption of its Bitcoin Layer 2 technology, expand mining operations, and increase Bitcoin reserves.
Blockstream's Layer 2 solutions include Liquid Network and Core Lightning.
It is reported that more than $1.8 billion of assets have been issued on the Liquid Network, including stablecoins, tokenized bonds and securities, and about 3,844 bitcoins (worth about $250 million) have been locked on the chain. The company plans to position Liquid as the "de facto infrastructure" for the tokenization of physical assets within the Bitcoin ecosystem.
