Babylon receives $15M from a16z Crypto to expand Bitcoin-native lending
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Babylon, a decentralized protocol for Bitcoin staking and lending, has secured $15 million in funding from a16z Crypto through the sale of its native BABY tokens. This funding aims to enhance Bitcoin-native infrastructure, allowing Bitcoin to be used as collateral in decentralized finance (DeFi). Babylon, founded in 2022, is developing a system of trustless vaults for onchain lending. The integration with Aave Labs is set for testing in early 2026. The Bitcoin lending sector is evolving with a focus on full collateralization and stricter risk controls following past market challenges.
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