Bitcoin decentralized finance (DeFi) developer Arch Labs raised $13 million in funding toward building “ArchVM,” which the developers say will provide smart-contract functionality on the original blockchain.
The funding round, which valued the company at $200 million, was led by Pantera Capital, according to an announcement on Tuesday.
Arch’s plans to enable decentralized applications and protocols natively on Bitcoin.
ArchVM will handle off-chain computations to enable “Turing-complete smart contracts at the Bitcoin base layer” and provide Solana-like transaction speeds, Arch Labs said in the announcement.
The goal of introducing smart contracts to Bitcoin began to gather steam in October with the release of the BitVM computing language.
Numerous projects are now using BitVM as the basis for bringing smart contracts to Bitvcoin via layer-2 networks or bridges. Arch’s aim is to avoid the need to bridge assets to layer-2s, which could present additional risks.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin Magazine Bitcoin Extends Slide — Can ‘Uptober’ 2026 Beat Last Year’s? Bitcoin’s price dipped…
Bitcoin Magazine Strategy Smash Buys $21.5M in Bitcoin as It Continues BTC Accumulation Bitcoin juggernaut…
Bitcoin Magazine Willem Middelkoop: Bitcoin is the Fastest Horse – Why the Debasement Trade Takes…
Bitcoin Magazine Ark Invest’s Lorenzo Valente: Bitcoin’s 5-Year Forecast – Stablecoin & Gold Impacts Bitcoin…
Loans use third-party custodians for bitcoin holdings and rely on court-ordered sales if borrowers default.Read…
Bitcoin and gold hold steady as a firm dollar and rising bond yields weigh on…