Recently, CGV officially announced its participation in the seed round financing of the Bitcoin interoperability platform DLC.Link.

DLC.Link utilizes DLC (Discreet Log Contracts) technology, combined with Point Time Locked Contracts and Schnorr signature technology, to bring stronger programmability to Bitcoin. This enables Bitcoin to be used for financial services with native security, unlocking the native DeFi potential of Bitcoin.

DLC.Link will soon launch non-custodial wrapped Bitcoin dlcBTC, which is an asset certificate of Bitcoin on Ethereum. Compared to other bridged BTC, dlcBTC completely eliminates the need for trusted intermediaries/custodians. Through DLC technology, Bitcoin is locked in multi-signature UTXOs, providing the same level of security as the Bitcoin mainnet.

CGV believes that security is always the most critical element in blockchain projects, and the prosperity of the Bitcoin ecosystem must be based on asset security. We believe that with the help of DLC.Link, many dormant Bitcoins will enter circulation in the ecosystem, triggering a new wave of DeFi frenzy.

The investment in DLC.Link is one of CGV's important layouts in the Bitcoin ecosystem. More investment information in the Bitcoin ecosystem will be disclosed in the near future.

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