Function Raises $10M to Transform Bitcoin into Yield-Generating Asset

  • Function, a crypto infrastructure firm formerly known as Ignition, has secured $10 million in seed funding led by Galaxy Digital (TSX: GLXY), with backing from Antalpha and Mantle. The company aims to unlock institutional yield opportunities for bitcoin (BTC), the worlds largest yet underutilized digital asset in decentralized finance (DeFi).