Information Technology
Hemi Raises $15 Million to Accelerate Bitcoin Programmability Ahead of Token Launch
With Bitcoin's $2.3 trillion market cap, its potential in decentralized Finance (DeFi) remains largely untapped. Until now, developers had to choose between Bitcoin's unmatched security or the flexibility of DeFi on other chains. Hemi eliminates that trade-off, merging Bitcoin's trust and resilience with Ethereum programmability into a supernetwork, finally unlocking Bitcoin for use in modern financial applications.
, said:
Hemi creates the platform for applications that allow users to earn, borrow, trade, and build on Bitcoin, while seamlessly connecting to other blockchains. The breakthrough Hemi Virtual Machine (hVM), a full Bitcoin node embedded inside an Ethereum Virtual Machine, creates a powerful new layer that fuses Bitcoin's security with Ethereum's flexibility, unlocking a new frontier for programmable bitcoin.
The co-founders of Hemi are Jeff Garzik , a renowned former Bitcoin core developer; Maxwell Sanchez , the inventor of Proof-of-Proof (PoP) consensus protocol; and crypto pioneer and investor Matthew Roszak . Today, Hemi is trusted by over 100,000 verified users and supported by a vibrant community of more than 400,000 members. This momentum is driven by a network of over 70 ecosystem partners, including industry leaders such as Sushi, LayerZero, MetaMask, and Redstone, among others.
, said, "For YZi Labs, belief in the team and belief in the product go hand in hand. Jeff, Maxwell, and Matthew have decades of experience, and the breakthroughs they've engineered with Hemi show they know how to turn that experience into working systems. Hemi creates a new foundation for Bitcoin-native applications that the whole industry has been waiting for."
, said,
, added,
In preparation for Hemi's highly anticipated token generation event, with details soon to be finalized and announced, it has recently unveiled the tokenomics for $HEMI.
Hemi makes Bitcoin programmable, yield-generating, and composable – unlocking the next wave of Bitcoin-based decentralized finance. Built on the combined strengths of Bitcoin and Ethereum, Hemi is a modular protocol engineered for performance, security, and programmability. Hemi was co-founded by Jeff Garzik , a former Bitcoin core developer; Maxwell Sanchez , inventor of the Proof-of-Proof consensus protocol; and crypto pioneer and investor Matthew Roszak . Hemi is backed by leading investors including YZi Labs (formerly Binance Labs), Breyer Capital, Big Brain Holdings, Republic Digital, Crypto.com, and HyperChain Capital. Follow Hemi on X and LinkedIn.
Photo - https://mma.prnewswire.com/media/2758067/Hemi_pre_TGE_growth_round.jpg
View original content:https://www.prnewswire.co.uk/news-releases/hemi-raises-15-million-to-accelerate-bitcoin-programmability-ahead-of-token-launch-302538839.html