Hemi Secures $15 Million to Unlock a New Era of Programmable Bitcoin

TLDR

• Hemi raises $15M to fuse Bitcoin’s security with Ethereum’s programmability.
• $30M total funding pushes Hemi to lead DeFi’s future on Bitcoin rails.
• HEMI token to launch soon, fueling secure and seamless Bitcoin DeFi.
• Hemi’s hVM bridges BTC & ETH—DeFi building just got a whole lot easier.
• Backed by giants, Hemi’s growth fuels Bitcoin’s evolution in DeFi space.

Hemi has raised $15 million in a growth round to fuel the next phase of programmable Bitcoin development. The funding will strengthen Hemi’s infrastructure and scale its platform ahead of the upcoming token generation event. This marks a pivotal step as Hemi targets untapped value within Bitcoin’s $2.3 trillion market cap.

Hemi Bridges Bitcoin and Ethereum Through Supernetwork Architecture

Hemi aims to connect Bitcoin’s security with Ethereum’s programmability through Hemi Virtual Machine (hVM). The hVM embeds a full Bitcoin node inside an Ethereum Virtual Machine, enabling cross-chain compatibility without compromising decentralization. This approach allows developers to build DeFi applications directly on Bitcoin using familiar tools.

The protocol enables secure programmability by preserving Bitcoin’s consensus and security through Proof-of-Proof, a model co-created by Hemi’s team. This eliminates reliance on sidechains or wrapped assets that usually risk centralization. With over 70 partners, including MetaMask and LayerZero, Hemi’s architecture is gaining wide developer adoption.

Hemi’s founders—Jeff Garzik, Maxwell Sanchez, and Matthew Roszak—bring deep technical expertise and credibility from years in crypto infrastructure. The team’s background has helped ensure seamless integration of security and programmability at scale. Together, they have built a “supernetwork” that unlocks new financial applications while remaining secure.

Ecosystem Growth Accelerates With Strategic Backing and Community Adoption

YZi Labs, Republic Digital, HyperChain Capital, and Crypto.com led the recent funding round. Additional backing came from Breyer Capital, Protein Capital, and Web3.com, signaling strong alignment with top blockchain-focused firms. The capital will enable Hemi to expand its network and onboard more developers globally.

Hemi reports over $1.2 billion in total value locked (TVL), establishing it as the largest Bitcoin programmability layer by that metric. The platform has also verified more than 100,000 users and boasts a community exceeding 400,000 members. Its momentum reflects market demand for programmable Bitcoin infrastructure.

The funds will focus on developer tools, education, and extending ecosystem partnerships across DeFi protocols and service providers. Hemi plans to deepen integration with existing wallets and DeFi platforms, ensuring seamless access for both users and builders. Strategic timing ahead of its token launch positions Hemi to lead programmable Bitcoin innovation.

The HEMI Token Powers Security, Governance, and Cross-Chain Functionality

The HEMI token will serve as the core mechanism for security coordination, governance, and transaction fee management on the network. With a total supply of 10 billion tokens, the allocation supports growth and community incentives. Community and ecosystem initiatives receive 32%, while 28% is reserved for strategic partners and backers.

Another 25% is allocated to the team and contributors, with 15% going to the Hemispheres Foundation to support long-term protocol development. The token integrates tightly with Proof-of-Proof, ensuring Bitcoin’s security extends to Hemi-enabled DeFi applications. veHEMI staking will also enable community-led governance and decision-making.

The token will be used for security aggregation payments, cross-chain settlement, and incentivizing protocol activity. These roles establish a robust foundation for decentralized finance on Bitcoin. Hemi’s token model supports sustainability, decentralization, and utility across its growing ecosystem.

Hemi continues to gain traction as it redefines Bitcoin’s role in decentralized finance through infrastructure, programmability, and secure cross-chain innovation.

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