DFG Capital spearheaded a $ 6.5 million investment from interoperability start-up Interlay, which is building infrastructure for decentralized financial applications across major blockchain networks such as, Cosmos and.
According to the announcement, the new funds will be used by Interlay to expand its operations and attract more developers to its open source platform. In a statement, James Wo, DFG founder and CEO, said Interlay’s solution “will expand the cross-chain capabilities of.”
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Interlay intends to integrate cryptocurrencies like Bitcoin () with DeFi platforms like Polkadot and Ethereum. InterBTC, the company’s main product, is a cryptoasset fully backed by Bitcoin. It is backed by multiple guarantees and works like an algorithmic stablecoin that can be converted into Bitcoin.
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