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- Thesis Announces $30M Strategic Funding Round for Mezo Led by Ledger Cathay Fund
Thesis Announces $30M Strategic Funding Round for Mezo Led by Ledger Cathay Fund
Slice of Finance Team
30 Jul
Key Highlights:
$30M funding led by Ledger Cathay Fund for Mezo.
Integration with yield protocol Acre and wallet partners.
Mezo aims to accelerate technology development and BitcoinFi ecosystem growth.
Total volume locked in Mezo: $124.5M, with 2,152 Bitcoin deposited.
Mezo distinct for its real-world application access and trust-minimized bitcoin bridging.
Source (PR Newswire)
Notable Quotes:
"Ledger Cathay Fund's support for Mezo is a strong testament that BitcoinFi is the future of ownership, that Mezo is the leader in building the technology behind this future. Today is a tremendous milestone in our work with investors and peers to expand the Bitcoin network, bringing on-chain a circular economy that empowers people worldwide to put BTC to work."
"At Ledger, we are Bitcoiners and we believe Bitcoin is the event. But the landscape of Bitcoin is changing. People want to do more with their Bitcoin, and we need to not only support these new developments in Ledger products, but actively support the future of Bitcoin development. We are therefore thrilled to invest in Mezo, a groundbreaking Bitcoin project that we believe will significantly impact the Bitcoin ecosystem."
"We really believe in Mezo's unique vision to supercharge Bitcoin to become an economic layer. Thanks to all the synergies created by their Thesis incubator, Mezo can be the core element of this ecosystem, and create network effects from their decentralized bridge with tBTC to their consumer app with Fold."
Our Take:
The $30M strategic funding round for Mezo, led by the Ledger Cathay Fund, is a significant milestone in the evolution of BitcoinFi. This investment not only underlines the confidence in Mezo’s innovative approach but also emphasizes the growing demand for robust Bitcoin applications that transcend traditional financial systems. By integrating with key ecosystem partners and enhancing user experiences, Mezo is poised to redefine the economic utility of Bitcoin, ensuring it remains a foundational pillar of decentralized finance. This development signals a promising future for Bitcoin’s role in the global economy, driven by secure, efficient, and user-centric solutions.