Function Completes $10 Million Seed Round, Led by Galaxy Digital

BlockBeats News, July 15th, according to Coindesk, crypto infrastructure company Function has completed a $10 million seed round of funding, led by Galaxy Digital with participation from Antalpha and Mantle.

Function is dedicated to providing institutional-grade yield solutions for Bitcoin. Function's core product, FBTC, is a fully reserved, composable Bitcoin synthetic asset, currently with a total value locked (TVL) of $1.5 billion.