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Benzinga

Business

Shivdeep Dhaliwal

Lightning Labs Attracts $70M Funding To Facilitate 'Bitcoinizing' Dollar, Other Fiat Currencies

Baillie Gifford Valor Equity Partners

Lightning Labs, which works on building infrastructure surrounding Bitcoin (CRYPTO: BTC), has raised $70 million in a Series B funding round led by investors such as Valor Equity Partners, Baillie Gifford, and Brevan Howard.

What Happened: The funding comes in the wake of Lightning Labs announcing Taro, a new protocol that aims to make the lightning layer-2 Bitcoin solution a multi-asset network.

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