UTXO Stack Funding Completes Series A Round Valued at $50M

Key Points:

• UTXO Stack funding reached a $50M valuation during Series A, co-invested by UTXO Management, CMS, and PAKA.
• UTXO Stack plans large BTC liquidity airdrops and a Lightning Network mainnet launch in early 2025.

UTXO Stack funding successfully completed its Series A round at a $50M valuation, paving the way for major BTC liquidity airdrops and a Lightning Network mainnet launch.

UTXO Stack Funding $50 Million for UTXO Stack’s Future Growth

An important step in its cryptocurrency expansion, UTXO Stack won $50 million in Series A funding. UTXO Management, CMS, and PAKA are key this round because they believe in the project’s long-term potential. With this financing, UTXO Stack can scale its Lightning Network improvements, BTC liquidity, and technical advancements. This support sets the project ready for large-scale airdrops and ecosystem expansion.

This funding will help UTXO Stack grow and become a blockchain ecosystem leader. Funding will assist the team expand infrastructure, user base, and liquidity staking. UTXO Stack’s clear future vision and wise use of this money reveal its ability to disrupt the Lightning Network and further industry progress, according to Wenweipo.

Read more: Trezor Puts Privacy First By Refusing Coinjoin UTXOs

Mainnet Launch of the CKB Lightning Network Fiber Network

After crowdfunding, UTXO Stack is preparing for the mainnet launch of the CKB Lightning Network Fiber Network, which will boost Lightning Network scalability. In the BTC ecosystem, this launch should improve efficiency and liquidity. To address scale challenges and improve Lightning Network consumer experiences, the Fiber Network was created. The network’s capacity will increase transaction speed and liquidity.

To assist the token reach a wider market, UTXO Stack plans to finish its Token Generation Event (TGE) in Q1 2025. UTXO Stack’s TGE will expand investor and player options for BTC liquidity and staking on the Lightning Network. As the platform nears this milestone, the community and stakeholders are eager for its formal release, which will boost the crypto industry.