ZenChain completes $8.5 million funding round, led by DWF Labs and others

BlockBeats News, January 6, according to official sources, ZenChain has successfully completed a $8.5 million financing round, led by Watermelon Capital, DWF Labs, and Genesis Capital.

At the same time, prior to the TGE, ZenChain also secured a $1.5 million angel investment commitment. The newly raised funds will be used to: accelerate core protocol development, expand validator and ecosystem participation, support marketing and ecosystem building initiatives, and prepare for the upcoming TGE and subsequent mainnet milestones.

ZenChain aims to provide infrastructure for cross-chain interactions, enabling Bitcoin and EVM-based assets to operate within a unified and secure framework. The network focuses on capital efficiency, validator consensus security, and long-term sustainability rather than short-term speculation.