UTXO Stack Completes Series A Funding, Plans TGE in Q1 2025

[PRESS RELEASE – Singapore, Singapore, December 19th, 2024]

UTXO Stack, a Lightning Network liquidity staking protocol, has completed its Series A funding round at a $50 million valuation, co-led by UTXO Management, CMS, and PAKA. This follows their successful seed round, which was co-led by ABCDE Capital and SNZ Capital, with participation from CKB Eco Fund, OKX Ventures, UTXO Management, Waterdrip Capital, Matrixport, y2z Ventures, and DRK Lab.

Building on this milestone, UTXO Stack plans to launch a groundbreaking large-scale airdrop incentive program in early January 2025, aimed at boosting BTC liquidity within the Lightning Network. Following this, they will collaborate with the mainnet launch of CKB’s Fiber Network to introduce liquidity airdrop incentives for CKB and RGB++ assets. UTXO Stack is set to host its Token Generation Event (TGE) in Q1 2025, marking the first TGE within the Lightning Network ecosystem.

The post UTXO Stack Completes Series A Funding, Plans TGE in Q1 2025 appeared first on CryptoPotato.