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SatLayer develops Bitcoin staking infrastructure and decentralized finance products.
SatLayer develops Bitcoin-related products, including Bitcoin Validated Services and staking infrastructure using the Babylon system. Its offerings include $FBTC, an omnichain Bitcoin asset pegged 1:1 to BTC, and PumpBTC, a liquid staking product. Co-founded by Luke Xie, the company raised USD 8 million in pre-seed funding in August 2024, co-led by Castle Island Management and Hack VC, with other investors including Franklin Templeton Private Equity, OKX Blockdream Ventures, and Mirana Ventures.
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