Singapore
BounceBit is a Singapore-based startup founded in 2023, operating in the Information Technology and Internet industries. The company's slogan "#BTC Staking Chain - powered by Bounce Brand" encapsulates its core offering of providing a BTC restaking infrastructure for long-term yield generation. The recent Seed Round investment of $6.00M on 28 February 2024 attracted a notable group of investors including Blockchain Capital, Breyer Capital, IDG Capital, Nomad Capital, dao5, Arcane Group, General Mining Research, Nathan McCauley, MacnBTC, and Smokey The Bera.
BounceBit's innovative approach involves building a PoS Layer 1, secured by validators staking both BTC and BounceBit’s native token, creating a dual-token system leveraging Bitcoin's security with full EVM compatibility. The infrastructure, secured by regulated custody of Mainnet Digital and Ceffu, supports various restaking products and critical ecosystem infrastructure such as bridges and oracles, all secured by restaked BTC. Through a CeFi + DeFi framework, BounceBit enables BTC holders to earn yield across multiple networks, positioning itself as a key player in the emerging BTC restaking market.
