ETH-Based Keep Network Closes Its Latest Funding Round

The Keep Network – which looks to bring a new level of privacy to bitcoin through Ethereum – has closed a funding round that garnered close to $8 million from investors like Paradigm, Collaborative Fund and Para FI Capital. The Keep Network is a regular contributor to what’s known as t-BTC, which seeks to ensure Ethereum-based assets are available on the bitcoin blockchain.

Paradigm founder Fred Ehrsam – who also co-founded Coinbase, one of the largest and most popular cryptocurrency exchanges in the United States – comments: Matt Luongo – the founder of the Keep Network – says his inspiration for t-BTC came about several years ago when he and his wife had saved up all their bitcoin to purchase a house they liked. That means we need to be thinking about privacy a lot earlier in the process… My hope is that by allowing bitcoin the asset to be separate from bitcoin the network, we will open up some serious financial privacy superpowers.

Timeline of Ethereum