Today, BOS (BitcoinOS) announced a successful $10M dollar fund raise. BOS is an innovative Bitcoin “operating system” built around zero-knowledge proofs, a layer two protocol designed to unlock smart contracts for Bitcoin, such as interoperability across blockchains, potentially unlocking institutional value for Defi while opening bitcoin yield opportunities for traditional finance.
Greenfield Capital led the strategic rounds, with backing from other capital investors including FalconX, DNA Fund, Bitcoin Frontier Fund, Trust Machines, UTXO Management, LR Ventures, Silvermine Capital, and MMW 2020 Trust. Angel investors like Paul Taylor (former Blackrock Private Equity Partners), and Leeor Groen (Spartan Group Partner) also participated in the rounds.
Funding “will be primarily used to continue the momentum of technological achievements to transform the internet into a unified international economy of trust built on Bitcoin,” BOS said in a press release shared with Bitcoin Magazine. The BOS roadmap includes ramping up the production phase of both institutional and developer protocols before market roll-out.
Founding Partner of Greenfield Capital, Jascha Samadi, said, “BitcoinOS’s successful verification of ZK proofs directly on Bitcoin mainnet represents a fundamental breakthrough in blockchain infrastructure. They’ve achieved true Bitcoin programmability without modifying the base protocol—solving a challenge the industry has faced since Bitcoin’s inception. This technology transforms Bitcoin from a store of value into the secure foundation layer for the entire digital asset ecosystem.”
BOS CEO and Co-founder Edan Yago affirms, “We are now in a very exciting time for Bitcoin, and this fundraise will strongly contribute to its exponential growth. The confidence instilled in us from capital investors and Bitcoin-focused funds is a testament to the high demand and strong market excitement in our achievements. We are proud to accelerate Bitcoin and BTCFi into true mainstream adoption while maintaining the decentralized and trustless ethos it was founded upon.”
BOS has achieved a series of technical milestones that have brought it recognition from industry players and investors. Highlights include an “industry-first” bridgeless cross-chain asset transfer, and the launch of Charms, a protocol for programmable tokens on Bitcoin that leverages zk-proofs to enable client-side validation of transactions. BOS has also integrated with multiple ecosystems, notably Cardano, Ethereum, and Litecoin, to enable trustless Bitcoin bridging.
Most recently, BOS introduced Grail Pro, an institutional-grade protocol that allows BTC yield generation while retaining self-custody. “This is currently in a pilot with key institutions and custodians as Grail Pro aims to unlock $690M of institutional BTC securely,” according to the press release.
Bitcoin Magazine is wholly owned by BTC Inc., which operates UTXO Management, a regulated capital allocator focused on the digital assets industry. UTXO invests in a variety of Bitcoin businesses and maintains significant holdings in digital assets.
Source: https://bitcoinmagazine.com/business/bitcoinos-secures-10m-led-by-greenfield-capital-to-unlock-zk-proof-programmability-on-bitcoin-mainnet
