TechFlow news, on February 25, according to The Block, Byzantine Finance, a restaking protocol developer, has raised $3 million in pre-seed funding led by Node Capital and Blockwall Ventures. The round attracted participation from over 30 investment firms including Lightshift, Masterkey, and Kiln Ventures, as well as angel investors from projects such as EigenLayer, LayerZero, and Ledger.
Byzantine Finance plans to use the funds to develop a permissionless aggregation layer protocol designed to enable cross-chain liquidity, state, and user sharing while preserving blockchain sovereignty. Focusing on institutions and professional investors, the project enables yield generation by staking assets across multiple protocols simultaneously, which the team refers to as "internet bonds."
