RGB Protocol Bitlight Labs Completes $9.6 Million Pre-A Round of Funding, Led by Amber Group and Fundamental Labs

Bitlight Labs announced the completion of a $9.6 million Pre-A round of financing, led by Amber Group and Fundamental Labs, with participation from UOB Venture Management, Signum Capital, ArkStream Capital, Side Door VC, Outliers Fund, Taisu Ventures, HV Capital, SuDo Research, and Gate Ventures. The funds will be used to develop production-level integration based on the RGB protocol and the Lightning Network, aiming to build a low-cost settlement system for Bitcoin native stablecoins to serve the wallet and merchant ecosystem. Bitlight Labs stated that it will continue to promote the development of Bitcoin and Lightning Network.