Fast take:
The fundraising additionally attracted participation from ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol and Mantle EcoFund.
Mezo emerged from stealth in April, elevating $21 million in a spherical led by Pantera Capital.
The corporate is constructing a “Bitcoin financial layer” permitting Bitcoin holders to earn yield.
Mezo, a Bitcoin scaling community constructed by Thesis has secured a $7.5 million strategic spherical led by Ledger Cathay Fund, the Ledger pockets supplier’s enterprise fund. The fundraising additionally attracted participation from ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol and Mantle EcoFund.
Mezo has now raised a complete of $30 million, following a $21 million funding spherical introduced in April. Explaining how the full raised obtained to $30 million, Matt Luongo, founding father of Mezo and CEO of Thesis advised The Block: “There have been some further checks put in following the final announcement that weren’t included on this strategic spherical.”
In keeping with Luongo, the Mezo platform has already onboarded 12,000 customers who’ve deposited about 2,376 BTC, at the moment value about $160 million.
Mezo plans to make use of the recent capital to speed up the adoption of its community, together with integrating with its different merchandise together with its Bitcoin staking platform, Acre, which lets customers mint liquid staked bitcoin (stBTC) by depositing Thesis’ (tBTC) or WBTC into Mezo. Customers can then use stBTC throughout varied purposes on the Bitcoin ecosystem to earn yield.
Ledger, whose enterprise fund led the spherical additionally plans to combine Mezo into its suite of merchandise, Luongo stated.
Though Mezo has not launched the MEZO token but, Luongo maintains such plans might be introduced later. The corporate makes use of a points-based program dubbed “Proof of HODL”, which generates scores primarily based on the size of time a contributor retains their Bitcoins in retailer.
Particulars about whether or not the factors earned from the “Proof of HODL” program might be transformed into Mezo tokens will even be revealed at a later date, Luongo added.
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