Interlay to use raised funds to enhance Bitcoin DeFi interoperability
Hassan Maishera - Cryptowisser
Interlay has raised $6.5 million to accelerate its operations and attract developers to its open-source platform. James Wo, DFG founder and CEO, added that Interlay's solution is set to expand Bitcoin’scross-chain possibilities.
The firm is currently developing infrastructure for decentralized financial (DeFi) applications on numerous blockchains, including Ethereum, Polkadot and Cosmos. Interlay wants to integrate Bitcoin and other cryptocurrencies with DeFi platforms like Ethereum and Polkadot.