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

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

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

More than twenty investors from the cryptocurrency, stablecoin, traditional finance, and payment sectors participated in this round of financing, including Amber Group, Fundamental Labs, United Overseas Bank, HV Capital, Outliers Fund, Taisu Ventures, Arkstream Capital, Signum Capital, Gate Ventures, and Sidedoor Ventures, as well as unnamed global stablecoin and digital asset companies.