The Bitcoin native L1 protocol Bitway has completed a $4.444 million seed round financing, led by TRON DAO

The Bitcoin-native Layer 1 protocol and infrastructure platform Bitway announced the completion of a $4.444 million seed round financing, led by TRON DAO, with participation from HTX Ventures and others.

So far, Bitway has raised a total of over $5.8 million from institutional investors. After completing its first seed financing round, it has also completed a targeted strategic financing round, which values Bitway at $100 million.

Bitway was founded by former Binance team members and was previously incubated through YZi Labs' EASY Residency program and launched through the Binance Incubator program. Bitway has two core products, including the on-chain wealth management platform Bitway Earn and the Layer 1 application chain Bitway Chain, specifically designed for payment and financing solutions.