Corn has raised $8.3 million in a community funding round on Legion, with participation from 675 new investors.
This marks a significant advancement in its mission to establish Bitcoin as the leading and most liquid asset in the decentralized finance (DeFi) space.
The fundraiser, referred to as “ICO 2.0,” focused on building a loyal and engaged community of early-stage investors, drawing in venture capitalists and industry veterans, all contributing under the same terms. The strategy aimed to scale the project while ensuring a robust foundation of committed backers.
Using Legion’s platform, they verified participants’ social and on-chain activity from notable projects such as Babylon Labs, Arbitrum, and KaitoAI. This rigorous vetting process allowed Corn to assess 4,287 investment applications from 102 countries. The total amount requested for allocations was an impressive $69 million, over seven times the amount raised.
In August 2024, Corn secured $6.7 million in seed funding, led by Polychain Capital, with contributions from prominent investors such as Binance Labs and Framework Ventures. The capital will help fuel the development and launch of its ecosystem. Built on Arbitrum’s Nitro Stack, a Layer 2 scaling solution, Corn offers enhanced scalability and performance. The platform also incorporates LayerZero for seamless interoperability across blockchains. Additionally, Corn strengthens its security by integrating Babylon’s restaking protocol, providing an extra layer of protection.
In another development, Komainu, a regulated digital asset custodian backed by Laser Digital, has raised $75 million in a Series B funding round led by Blockstream Capital Partners. The funds will accelerate Komainu’s global expansion and integrate Blockstream’s technologies, subject to regulatory approvals. Komainu will enhance its Bitcoin treasury, improve collateral management, and upgrade its Komainu Connect platform for faster settlements using Blockstream’s Liquid Network. Blockstream’s AMP technology and HSM wallet integration will support tokenization, automate asset management, and strengthen Komainu’s digital asset offerings for institutional clients.
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