Bitlight Labs completes $9.6 million Pre-A Series, led by Amber Group and Fundamental Labs, aiming to advance native Bitcoin stablecoin payments through RGB and Lightning Networks

According to ChainCatcher, Bitcoin RGB protocol and Lightning Network stablecoin payment infrastructure BitlightLabs completed a US$9.6 million Pre-A round of financing with a valuation of US$170 million. This round of financing was led by AmberGroup and FundamentalLabs. This round of financing will be used to accelerate BitlightLabs' core contribution to the RGB protocol, deepen integration with Lightning Network, and bring application-level solutions including native Lightning Network payments, wallets, and RGB-based stablecoin channels to the market. More than twenty investors from cryptocurrencies, stablecoins, traditional finance and payments participated in this round of financing, including AmberGroup, FundamentalLabs, United OverseasBank, HVCapital, OutliersFund, TaisuVentures, ArkstreamCapital, SignumCapital, GateVentures and SidedoorVentures, etc., and unnamed global stablecoins and digital asset companies participated.