Babylon Completes $15 Million Financing Round with Participation from a16z Crypto

Odaily News: The Bitcoin ecosystem decentralized protocol Babylon announced that it has completed a $15 million financing round with participation from a16z Crypto. Specific valuation data has not been disclosed. It is reported that Babylon's competitors include centralized service providers such as Coinbase, Kraken, and Tether. It is expected to integrate its technology with the lending protocol Aave in the second quarter of this year. The company currently has over 40 employees. (Fortune)