TechFlow reported on January 30 that, according to CoinDesk, decentralized infrastructure provider Elastos has raised $20 million from private investment firm Rollman Management.
Elastos plans to use the funds to expand its merged-mined ELA token as a Bitcoin reserve asset and scale its Bitcoin DeFi protocol BeL2. The protocol enables Bitcoin holders to use BTC as collateral to access Ethereum smart contract services such as stablecoin minting and peer-to-peer lending.




