The bitcoin staking platform Babylon has announced that a16z crypto is investing $15 million. The funding will support the development and scaling of Babylon Trustless Bitcoin Vaults (BTCVaults), a system intended to enable native Bitcoin to serve as collateral across decentralized finance (DeFi) applications—DeFi refers to blockchain-based financial services without intermediaries. In addition to investing capital, a16z crypto will provide Babylon with strategic guidance and share its experience in fund ...