The modular BTC Layer2 one-click chain issuance platform UTXO Stack has completed its seed round financing, with ABCDE and SNZ Capital jointly leading the investment

ChainCatcher news, according to Cointelegraph, the modular BTC Layer2 one-click chain launching platform UTXO Stack has completed its seed round financing, led by ABCDE and SNZ Capital, with strategic investment from the CKB Eco Fund, and follow-on investments from OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab, and Bitcoin Magazine's parent company BTC Inc's venture capital arm UTXO Management.

It is reported that UTXO Stack will focus on expanding the Bitcoin ecosystem, helping project developers to launch BTC Layer2 based on UTXO architecture with one click, and natively integrating RGB++ protocol capabilities, allowing seamless interoperability between BTC and Stack parallel Layer2 without the need for cross-chain bridges, and enabling the staking of BTC, CKB, and BTC L1 assets to ensure Layer2 security.

UTXO Stack founder & RGB++ protocol author Cipher stated: "If RGB++ solves the issues faced by the original RGB protocol in technical implementation by providing Turing-complete smart contract capabilities for BTC L1 assets through isomorphic binding technology, then UTXO Stack will provide a scalable, stakeable UTXO Layer2 solution for BTC Dapps, achieving seamless interoperability across all chains."

CKB Eco Fund Partner Baiyu said: "As more and more UTXO assets based on the RGB++ protocol and other foundational layer protocols are issued on Bitcoin, the implementation of UTXO Stack will bring unprecedented development to the BTC ecosystem. The combination of UTXO Stack and RGB++ will give it unparalleled advantages over other Bitcoin Layer 2 solutions."