April 3, 2020 Thesis raises $7.7 million amid plans to launch tBTC soon.

Thesis, the blockchain production company, announced on Thursday that it has successfully raised $7.7 million in new funding with investment from Paradigm Capital, Collaborative Funds and Fenbushi Capital. The Thesis team is reportedly set to launch its Bitcoin-collateralized, ERC20 token, tBTC on April 27. tBTC is the latest attempt at bringing BTC and its associated liquidity to the Ethereum network, joining other similar tokens such as WBTC, imBTC, and sBTC. Thesis’ CEO, Matt Luongo has stated that after the tBTC launch, the team will focus on integrating the token with the lending protocol, Compound.