TLDR:
- Thesis’ BitcoinFi Project, Mezo, completes $7.5M strategic round led by Ledger Cathay Fund
- Investment to accelerate technology development and grow the BitcoinFi ecosystem
Thesis, a venture production studio funding and building brands on Bitcoin, announced that its BitcoinFi Project, Mezo, has completed a $7.5M strategic round led by Ledger Cathay Fund. This strategic round, along with prior funding led by Pantera Capital, has brought Mezo’s total amount raised to $30M. Mezo will use this investment to accelerate technology development and grow the BitcoinFi ecosystem by integrating other ecosystem partners and enhancing the user experience.
Mezo, built by Thesis, serves as a Bitcoin Economic Layer that facilitates cheap, efficient transactions while preserving Bitcoin network’s foundational principles. It offers accessibility to real-world applications and features such as tBTC for bridging to other ecosystems and staking with stBTC. With a total volume locked of $124.5M and 2,152 Bitcoin deposited, Mezo aims to maximize Bitcoin’s potential and provide users with a seamless experience.
Ledger Cathay Fund’s investment in Mezo signifies a strong belief in BitcoinFi as the future of ownership and Mezo’s leadership in building this technological future. Mezo’s unique positioning and execution capabilities have impressed investors like Ledger Cathay Fund and Mantle EcoFund. The investment will not only support Mezo’s growth but also foster potential collaborations within the Bitcoin ecosystem to drive innovation and scalability.
