ChainCatcher news, according to Cointelegraph, the Bitcoin L2 solution Bitfinity Network has announced the completion of a $12 million funding round, which includes $7 million invested by institutions such as Polychain Beacon Fund, ParaFi, Draft Ventures, and Warburg Serres, as well as $5 million raised through a community over-the-counter (OTC) token sale.The project will utilize the Chain Fusion technology of the Internet Computer Protocol (ICP) to enable the operation of Bitcoin native assets within the Ethereum-compatible ecosystem. The ecosystem plans to host decentralized applications including Sonic, Chapswap, Lendfinity, and Omnity Bridge. Notably, the founder of the lending protocol Liquity, which has a TVL of one billion dollars, is also involved in supporting this project.According to RootData, Bitfinity (formerly known as InfinitySwap) is the next-generation EVM that acts as a second layer for Bitcoin and other assets, utilizing threshold signature schemes and built on IC.

ChainCatcher news, according to The Block, the interoperability protocol ZKM announced plans to launch the Bitcoin L2 solution GOAT Network later in the third quarter. According to a statement, ZKM stated that the solution will be the first decentralized Bitcoin L2 to share network ownership.

ChainCatcher news, RWA startup Hamilton launched the tokenization of U.S. Treasury bonds on Bitcoin's Layer 2 solutions (Stacks, Core, and BoB) on July 4, 2024, aiming to improve scalability, reduce costs, and enhance the liquidity of these assets.Hamilton further emphasized a report from the Boston Consulting Group, which indicates that the RWA market is expected to reach $16 trillion by 2030.