Bitlight Labs has closed a $9.6 million Pre-A round of financing, led by Amber Group and Fundamental Labs, aiming to advance native Bitcoin stablecoin payments through RGB and the Lightning Network

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Bitcoin RGB protocol, Lightning Network stablecoin payment infrastructure Bitlight Labs has completed a $9.6 million Pre-A round of financing at a valuation of $170 million. The round was led by Amber Group and Fundamental Labs.

The funding round will be used to accelerate Bitlight Labs' core contributions to the RGB protocol, deepen integration with the Lightning Network, and bring application-grade solutions to market, including native Lightning Network payments, wallets, and RGB-based stablecoin channels.

More than two dozen investors from the cryptocurrency, stablecoin, traditional finance and payments sectors participated in the round, including Amber Group, Fundamental Labs, United Overseas Bank, HV Capital, Outliers Fund, Taisu Ventures, Arkstream Capital, Signum Capital, Gate Ventures and Sidedoor Ventures, among others, in addition to unnamed global stablecoin and digital asset companies participating.

"This funding round allows us to focus on a long-...

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