Alpen Labs, a Bitcoin infrastructure company, has secured $8.5 million in strategic financing led by DBA and Cyber Fund. Key investors from its seed round, including Ribbit Capital, Castle Island Ventures, and Geometry, have continued their support. The funds will accelerate the development of Bitcoin ZK Rollup 'Strata,' set for mainnet release in 2025. Strata aims to enhance Bitcoin's functionality with features like self-custody, privacy-focused payments, and Bitcoin-backed lending. A test network will be available next month. Previously, Alpen Labs raised $10.6 million in April, led by Ribbit Capital.

PANews reported on January 13 that according to official news, Alpen Labs, a financial infrastructure on the Bitcoin chain, announced the completion of a strategic financing of US$8.5 million, led by DBA and Cyber ​​Fund. Ribbit Capital, Castle Island Ventures and Geometry were the largest investors in its seed round of financing and once again supported Alpen in this round of financing. This round of funds will help it accelerate the development of Bitcoin ZK Rollup "Strata" and release it to the mainnet in 2025.
 According to reports, Strata will be launched as an open platform, aiming to expand and promote the use of Bitcoin, which will unlock many practical functions for Bitcoin: simple self-custody, intuitive and privacy-protecting payments, interoperability, Bitcoin-backed lending and stablecoins, and many other on-chain applications. Strata will be open to the public from next month with the upcoming test network.
 Earlier in April last year , it was reported that Bitcoin L2 developer Alpen Labs completed US$10.6 million in financing, led by Ribbit Capital.

Alpen Labs Secures $8.5M to Advance Bitcoin ZK Rollup 'Strata'