Foresight News: Blend, a Bitcoin-focused lending protocol, completes seed funding round led by Mario Nawfal, IBC Group, and HackQuest

Foresight News reports that Blend, a Bitcoin-focused lending protocol, has completed its seed funding round. The lead investors include Mario Nawfal, IBC Group, and HackQuest. The specific amount raised has not been disclosed.

Furthermore, Blend has been selected for Open Campus, an accelerator program supported by Animoca Brands and Hackquest. They have also joined BTC Studio, a program initiated by ThreeDAO and Waterdrop Capital.

Blend is a cross-chain lending protocol designed for Bitcoin assets. Its mission is to provide users with efficient liquidity solutions by incorporating Bitcoin as collateral. Blend plans to initially deploy its protocol on public chains such as Arbitrum and Base, and later integrate decentralized Bitcoin asset solutions like dlcBTC.