Babylon Labs raises $15 million from a16z crypto to develop Bitcoin collateral infrastructure

Babylon Labs, an innovative company focused on blockchain technology, has successfully secured an impressive $15 million in funding from the prominent venture capital firm a16z crypto. This significant financial investment will be used to advance their ambitious project aimed at developing robust infrastructure for Bitcoin collateral, which is expected to enhance the stability and usability of Bitcoin as a form of collateral in various financial applications. By creating this infrastructure, Babylon Labs aims to facilitate greater adoption of Bitcoin in lending and trading, ultimately contributing to the evolution of decentralized finance (DeFi) and the overall cryptocurrency ecosystem. source: https://www.coindesk.com/business/2026/01/07/babylon-labs-raises-usd15-million-from-a16z-crypto-to-develop-bitcoin-collateral-infrastructure