The post Hemi secures $15m to advance Bitcoin programmability ahead of TGE appeared on BitcoinEthereumNews.com.

With a fresh $15 million raise, Hemi says it’s building the alarm clock for Bitcoin’s $2.3 trillion in dormant value. The project aims to transform the world’s largest crypto asset from a static store of value into the dynamic foundation for a new DeFi ecosystem. Summary Hemi raises $15 million in growth funding ahead of its token generation event, bringing total funding to $30 million. Round led by YZi Labs, Republic Digital, and HyperChain Capital, with participation from top crypto funds. The funding aims to accelerate development of Hemi’s Bitcoin programmability layer. In a press release dated August 26, Hemi announced the close of a $15 million growth round led by YZi Labs, with participation from Republic Digital, HyperChain Capital, Selini Capital, Protein Capital, and Quantstamp. The raise, which also drew a syndicate of other notable funds including Breyer Capital, Big Brains Holdings, Web3.com, and Crypto.com, brings the protocol’s total funding to $30 million. Hemi said the capital injection is strategically timed to accelerate ecosystem development and scale its infrastructure in the final stretch before its token generation event. Bridging Bitcoin’s great divide According to Hemi, Bitcoin’s $2.3 trillion market capitalization remains largely isolated from the innovation happening across the DeFi landscape. While Ethereum and other smart contract platforms have built vibrant financial ecosystems, Bitcoin’s security model has historically resisted such flexibility. Hemi’s architecture, particularly its Hemi Virtual Machine, attempts to resolve this by embedding a full Bitcoin node within an Ethereum Virtual Machine, creating what developers call a “supernetwork” that maintains Bitcoin’s security inheritance while enabling Ethereum-style programmability. The technical approach reflects a philosophical stance shared by Hemi’s founding team, which includes Bitcoin core developer Jeff Garzik and Proof-of-Proof consensus inventor Maxwell Sanchez. Their solution avoids the common pitfalls of Bitcoin sidechains or wrapped assets that often compromise on…

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Filed under: News - @ August 27, 2025 8:28 am