TechFlow news, October 15 — According to The Block, Bitcoin infrastructure development firm Blockstream announced it has raised $210 million in convertible note financing led by Fulgur Ventures. Adam Back, co-founder and CEO of Blockstream, said the funds will be used to accelerate market adoption of its Bitcoin Layer 2 technology, expand its mining operations, and increase its Bitcoin reserves.
Blockstream's Layer 2 solutions include the Liquid Network and Core Lightning. Over $1.8 billion in assets—such as stablecoins, tokenized bonds, and securities—have been issued on the Liquid Network, with approximately 3,844 bitcoins (worth around $250 million) secured on-chain. The company plans to position Liquid as the "de facto infrastructure" for real-world asset tokenization within the Bitcoin ecosystem.
