The startup Hemi, which is developing a modular network based on Bitcoin and Ethereum, has announced the acquisition of $15 million in investments ahead of the release of its own token. The total funding received by the project has reached $30 million.
This is reported by Business • Media
Key Investors and Participants in the Round
The latest investment round was led by YZi Labs (formerly Binance Labs), Republic Digital, and HyperChain Capital. Well-known funds such as Breyer Capital, Big Brain Holdings, Crypto.com, DNA Fund, Selini Capital, Protein Capital, Quantstamp, and Web3.com also participated in the funding. The fundraising indicates significant interest from institutional players in the development of Bitcoin-based infrastructure.
Features of the Hemi Network and Partnerships
Hemi positions itself as a “layer of programmability” for the Bitcoin network, offering a toolkit similar to the Ethereum ecosystem, with a focus on blockchain security. At the core of the project’s architecture is the Hemi Virtual Machine (hVM), which allows for the creation, combination, and use of DeFi tools directly within the Bitcoin network.
“Bitcoin doesn’t need to be reinvented — it just needs the right tools.”
According to the company, the number of verified users in the Hemi network has already surpassed 100,000, and the community comprises over 400,000 participants. The platform has more than 70 partnerships with leading projects, including Sushi, LayerZero, MetaMask, and Redstone. This scale of collaboration underscores Hemi’s growing role in the development of DeFi solutions for Bitcoin.