Bitcoin native application platform Arch completes $7 million seed round of financing, led by Multicoin Capital

BlockBeats reported that on May 10, Arch, a Bitcoin native application platform, completed a $7 million seed round of financing, led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent. Arch co-founder Mudano said the structure of the financing round was a simple future equity agreement (SAFE) with token warrants, but declined to comment on the valuation.

It is reported that Arch is the first Bitcoin native application platform that introduces "bridgeless" transactions directly into the Bitcoin blockchain.