Function Raises $10M to Bring Yield to Bitcoin (BTC), Backed by Galaxy Digital, Antalpha, and Mantle

Function Raises $10M to Bring Yield to Bitcoin (BTC), Backed by Galaxy Digital, Antalpha, and Mantle

With $1.5B in FBTC TVL, Function aims to transform bitcoin into a productive institutional asset.

Function Ushers in the Era of Bitcoin Yield With Galaxy Digital as Investor in $10M Seed Round

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Function raises $10M seed round led by Galaxy to launch first fully reserved, composable Bitcoin yield product

Crypto infrastructure firm Function has secured $10 million in seed funding to scale FBTC, its fully reserved Bitcoin product, amid rising demand for BTC-based yield solutions. Crypto infrastructure firm Function, previously known as Ignition, has successfully raised $10 million in…

Function Raises $10M to Turn Bitcoin into a Yield-Generating Asset

Function, a crypto infrastructure startup, has raised $10 million in a seed funding round to unlock yield opportunities for bitcoin. As reported by CoinDesk, the round was led by Galaxy Digital, with support from Antalpha and Mantle. This move shows growing interest in making bitcoin more useful,  not just as a store of value, but as a working, income-generating asset for institutions. Function Wants to Put Bitcoin to Work Function, formerly kno…