HTX Ventures Announces Investment in Corn to Unlock Bitcoin's Utility Potential
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HTX Ventures Announces Investment in Corn to Unlock Bitcoin's Utility Potential
HTX Ventures recently announced a strategic investment in Corn to support its vision of enabling everyone to easily use Bitcoin.
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HTX Ventures, the global investment arm of cryptocurrency exchange HTX, has recently announced a strategic investment in Corn, a new Ethereum Layer 2 network purpose-built for real-world Bitcoin applications. Designed to support native BTC bridging, use BTC as fuel, and integrate leading DeFi protocols, Corn addresses Bitcoin’s immediate needs in the DeFi space. Through its “Super Yield” model, Corn connects all participants within the network to achieve mutual benefits.
Corn recently completed a $6.7 million seed funding round led by Polychain Capital. The founding team comprises seasoned DeFi builders who previously launched projects including Badger, Code4rena, Slingshot, and 0xBow. Committed to building a unified and mutually beneficial ecosystem, Corn tightly integrates users, applications, and token holders, offering diverse use cases and unlocking dormant Bitcoin through BTCN.
By using BTCN—Bitcoin tokenized at a 1:1 ratio with native BTC—as its gas token, the Corn Layer 2 network effectively extends Bitcoin via EVM compatibility. BTCN is the first tokenized Bitcoin backed 1:1 by native Bitcoin that isn’t constrained by a single centralized custodian or cross-chain solution. Instead, minting rights are decentralized across multiple custodians, smart contracts, and cross-chain protocols. Corn advocates a hybrid DeFi approach for Bitcoin, emphasizing solvency and scalability, providing Bitcoin holders with flexible custody options while supporting diverse use cases.
“The Corn team is led by experienced DeFi builders,” said a Managing Partner at HTX Ventures. “They attract users and drive sustained demand from native protocols and asset issuers by integrating proven DeFi tokenomics frameworks. Through ‘Super Yield farming,’ Corn aligns incentives among users, applications, and token holders, ensuring liquidity, utility, and ongoing developer engagement. HTX Ventures is thrilled to support this innovative project.”
“We’re excited to have HTX Ventures on board from the start, helping us realize our vision of making Bitcoin accessible and easy to use for everyone,” said Spadaboom, founder of Corn.
Corn is pioneering a unique tokenomic design, becoming the first Layer 2 to extend the proven veCRV tokenomic model to the chain level. Inspired by Curve’s groundbreaking veTokenomics, Corn distributes CORN tokens to incentivize users and developers, allowing them to direct CORN emissions to any application on the network. Users participating in these apps receive corresponding rewards, while stakers of CORN (known as popCORN) determine how CORN incentives are allocated.
Within this thriving ecosystem, Corn offers Bitcoin holders an opportunity to put their Bitcoin to meaningful use. HTX Ventures continues to support the growth and development of the Bitcoin ecosystem through strategic investments in Corn and other top-tier BTC-native projects.
About Corn
Corn is the first “Super Yield” network built around Bitcoin.
- Join our Discord and Telegram communities
- Visit usecorn.com for more information
- Follow @use_corn on X for updates
- Building on Corn? Contact our ecosystem team
About HTX Ventures
HTX Ventures is the global investment arm of HTX, integrating investment, incubation, and research to identify the world’s most talented and visionary teams. As an industry pioneer with over a decade of experience, HTX Ventures excels at identifying cutting-edge technologies and emerging business models in the blockchain space. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including funding, resources, and strategic guidance.
HTX Ventures currently backs over 300 projects across multiple blockchain sectors, with select high-quality projects already listed on the HTX exchange. Additionally, as one of the most active FOF funds, HTX Ventures invests in 30 leading global funds and collaborates with top-tier blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to build the blockchain ecosystem together.
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