This capital accelerates layer-2 development, expands mining ahead of the next Bitcoin cycle, and grows one of the world’s largest BTC treasuries.
Our layer-2 solutions, the LiquidNetwork (npub1nyy…7gan) and Greenlight, bring secure, scalable Bitcoin tools to meet rising enterprise demand for Bitcoin-powered finance. Liquid builds the core infrastructure for asset tokenization on Bitcoin, while Greenlight enables non-custodial Lightning Network payments for developers and businesses.
On the fundraise, Blockstream CEO Dr. adam3us (npub1qg8…24kw) said, “This fundraise is pivotal in our journey to bridge Bitcoin with broader finance. We're excited to bring on Michael Minkevich as COO, and to have Fulgur Ventures’ support in advancing Bitcoin finance.”
With over 20 years in product engineering for finance, Michael Minkevich brings the expertise to deepen our fintech impact. At Luxoft, he led product engineering for Fortune 500 clients and drove the company’s US IPO.
The Liquid Network, launched in 2018, operates through a global federation of over 70 members, enabling fast, confidential settlements and secure asset issuance without complex smart contracts. Today, over $1.8B in assets are issued on Liquid, including stablecoins and tokenized securities, with 3,844 BTC locked on-chain.
Liquid is also pushing boundaries in the $300B real-world asset space. Mexico’s Mifiel Firma issued over $1B in promissory notes on Liquid, setting a new standard for non-bank access to global liquidity.
https://blog.liquid.net/case-study-transforming-latin-americas-access-to-global-capital/
In July, we launched BMN2, the latest Blockstream Mining Note—another flagship real-world asset. This EU-compliant, hash rate-backed token builds on BMN1, launched in 2021, which saw up to 103% Bitcoin-denominated returns, further strengthening the Bitcoin ecosystem.
https://stokr.io/blockstream-mining2/
In May, our partner Stokr launched CMSTR, the first Bitcoin-backed security token on Liquid tradable against MicroStrategy shares via the Side Swap decentralized exchange.
Get all the details on the $210M convertible note raise in the official press release here. ⬇️
https://www.bloomberg.com/news/articles/2024-10-15/blockstream-raises-210-million-through-fulgur-led-convertible-note-offering?srnd=phx-crypto