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CoinGape 2025-03-06 13:24:35

Binance Labs-backed Infrared, Raises $14M for First Liquidity Staking Protocol on Berachain

Infrared Finance, a decentralized finance (DeFi) infrastructure platform backed by Binance Labs, announced on Tuesday that it has successfully raised $14 million in a Series A funding round. The investment led by Framework Ventures saw participation from Citizen X, Halo Capital, No Limit Holdings, NGC Ventures, and Selini Capital. This latest capital injection underscores the growing investor confidence in Infrared Finance’s innovative approach to improving liquidity provisioning and decentralized trading solutions. Notably, this funding for Infrared comes after its previous $2.25 million strategic round led by Binance Labs, Hack VC, and NLH in June 2024, bringing the total Infrared’s funding $16.25 million. As per the revealation, the investment will be used by the company to accelerate its mission of enhancing blockchain-based financial services and expanding its offerings in the DeFi ecosystem. The successful funding round comes at a time when DeFi continues to gain mainstream adoption despite regulatory challenges. With institutional investors increasingly exploring decentralized financial services, Infrared Finance’s advancements in liquidity solutions can position it as a critical player in the industry. Infrared – Berachain’s first liquid staking protocol Infrared’s protocol enables liquid staking solutions and rewards for Berachain’s native tokens, BGT and BERA, through Infrared’s iBGT and iBERA. While empowering efficient governance, it allows staking and earning rewards for users. As the first project to be incubated by Berachain Foundation’s incubator, Build-a-Bera, Infrared’s iBGT and iBERA tokens allow users to earn a liquid – or accessible – version of Berachain’s native tokens. Further, it interacts with Berachain’s Proof of Liquidity (PoL) staking protocol – the new blockchain that launched was on February 6th, introducing PoL for the first time, with over two billion dollars of total value locked. We're excited to announce our $14M Series A fundraise led by @hiFramework . pic.twitter.com/QquN45laTE — Infrared (@InfraredFinance) March 4, 2025 Infrared to Use Funding for Strategic Expansion and Innovation Infrared Finance aims to use the newly secured funds to enhance its technological infrastructure, scale its operations, and attract top-tier talent. A significant portion of the investment will be directed toward research and development, focusing on refining the platform’s capabilities in optimizing cross-chain liquidity and reducing transaction inefficiencies. Infrared Finance has gained traction as a leading DeFi infrastructure provider, leveraging cutting-edge smart contract technology to enable seamless asset transfers across multiple blockchains. The company’s solutions facilitate efficient liquidity management and interoperability, addressing some of the critical bottlenecks in the DeFi sector. Binance Labs’ Continued Support Binance Labs, the venture capital and incubation arm of Binance, has been a key supporter of Infrared Finance. The firm has actively invested in projects that enhance the overall blockchain ecosystem, and its backing of Infrared Finance signals strong confidence in the platform’s long-term vision. Binance Labs’ involvement has provided Infrared Finance with strategic guidance, networking opportunities, and access to Binance’s extensive blockchain ecosystem. This support has helped the company gain momentum in a highly competitive market. Growing DeFi Market The DeFi market has seen substantial growth, with total value locked (TVL) across various protocols surpassing hundreds of billions of dollars. As more institutional and retail investors enter the space, efficient liquidity management solutions like those offered by Infrared Finance will become increasingly valuable. Looking ahead, Infrared Finance plans to introduce new features that enhance user experience, improve transaction speeds, and ensure greater security across its platform. The company is also exploring potential partnerships with other blockchain networks and financial institutions to drive further adoption. Thus, with strong backing from Binance Labs and other industry leaders, the company is well-equipped to scale its infrastructure and introduce transformative financial solutions. As DeFi continues to evolve, Infrared Finance’s innovations in liquidity management and cross-chain interoperability will play a pivotal role in shaping the future of blockchain-based financial services. The post Binance Labs-backed Infrared, Raises $14M for First Liquidity Staking Protocol on Berachain appeared first on CoinGape .

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