Our Terms & Conditions | Our Privacy Policy
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Dover, US – Midl, an infrastructure platform enabling native smart contracts and decentralized applications (dApps) on the Bitcoin network, has successfully raised $2.4 million in a seed funding round. This marks a significant step forward for Bitcoin’s decentralized finance (DeFi) capabilities, signaling growing investor confidence in expanding Bitcoin’s role beyond a store of value.
Draper Associates and Draper Dragon Lead Funding Round, Strengthening Institutional Support
The round was led by Draper Associates, a venture capital firm founded by Tim Draper, known for early investments in Coinbase, Robinhood, and Ledger. Draper Dragon, a cross-border blockchain-focused venture firm, also participated, adding weight to the funding effort. Their previous investments include Kelp DAO and Ether.Fi.
This funding highlights rising institutional interest in Bitcoin-native DeFi, often referred to as BTCFi. Midl provides an execution environment that enables smart contracts and dApps to run directly on the Bitcoin network without relying on sidechains or Layer 2 solutions. This approach could unlock new use cases and help tap into Bitcoin’s vast liquidity, estimated at nearly $2 trillion.
Introducing Bitcoin-Native Tokens and Advanced dApp Functionality
Midl supports Bitcoin-native token standards that are tradable and functional across multiple services. This allows developers to build full-scale decentralized apps such as trading platforms, DeFi protocols, games, and governance tools directly on Bitcoin.
The platform also enables multiple Ethereum Virtual Machine (EVM)–like interactions within a single Bitcoin transaction, improving scalability and throughput. This gives developers greater flexibility and efficiency when building on the Bitcoin base layer.
Midl’s testnet is already live and features several early DeFi protocols, with over 20 more projects in development. In the lead-up to the mainnet launch, Midl is introducing programs to attract users and seed liquidity throughout the ecosystem.
Founder Highlights Breakthrough Potential
Midl’s founder, Iva Wisher, said,
“It’s rare to be this early to something this big. Midl makes Bitcoin programmable in a way that’s never been done before. Native Bitcoin token standards finally have a home where they can power real apps and real economies, across trading, DeFi, gaming, governance, and more.”
Expanding Bitcoin’s Role in the Crypto Ecosystem
With this funding round, Midl is positioning itself to reshape the way the Bitcoin network is used. By enabling native programmability and decentralized applications on Bitcoin, Midl could play a key role in the next wave of crypto innovation. Its approach may help drive broader adoption and reignite momentum for Bitcoin development and use in 2025 and beyond.
About B. Ali PRO INVESTOR
Live webinar speaker and derivatives (Forex, Crypto, and Indices) analyst with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection.
Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
Comments are closed.