Led by Matt Luongo, the founder and CEO of Thesis, Mezo is a permissionless Bitcoin Economic Layer developed by Thesis. Under his leadership, Mezo aims to enhance Bitcoin’s infrastructure by enabling efficient, low-cost transactions while maintaining the network’s core principles of security, open-source development, and a BTC-first HODL philosophy. Unlike other Bitcoin Layer 2 solutions, Mezo offers users access to real-world applications.
Key features include tBTC, a Thesis-developed solution for trust-minimized bitcoin bridging across multiple ecosystems, and stBTC, a staking platform supported by Acre, which facilitates Bitcoin-in, Bitcoin-out staking.
Just recently, the company announced that it has successfully raised $7.5 million in strategic funding. This round was spearheaded by the Ledger Cathay Fund, an early-stage venture fund created by Ledger and Cathay Innovation. Other notable participants included ArkStream, Aquarius Fund, Flowdesk, GSR, Origin Protocol, and Mantle’s EcoFund, a project within the Bybit ecosystem. This funding boost elevates Mezo’s total capital to $30 million since its launch in April 2024.
Mezo plans to use this new capital to improve technological advancements and expand the BitcoinFi ecosystem. Key areas of focus include integrating additional ecosystem partners, such as the recently incorporated yield protocol Acre, and enhancing wallet compatibility. Notably, Mezo users can now “log in” with Bitcoin using various hardware wallets and web wallets, including Unisat, OKX, and Xverse. Moreover, Ledger has announced plans to directly integrate Mezo into its product suite, with further integration details expected soon.
Mezo’s offerings are designed to amplify Bitcoin’s usability and integration within various ecosystems. The platform’s unique features enable users to engage with applications that offer tangible, real-world utility. tBTC allows for seamless and secure bridging of bitcoin, enhancing interoperability across different platforms. Additionally, stBTC provides opportunities for users to stake their bitcoin in a secure and efficient manner, further promoting the growth and adoption of BitcoinFi.
Conclusion
With its recent funding round and strategic integrations, Mezo is well-positioned to advance the Bitcoin ecosystem. By focusing on technological innovation and ecosystem growth, Mezo aims to provide a comprehensive and accessible BitcoinFi experience for users worldwide. The continued support from prominent investors and partners underscores the potential and significance of Mezo’s contributions to the broader Bitcoin landscape.