Bitcoin infrastructure startup Arch Labs has secured $13 million in a funding round led by crypto venture capital heavyweight Pantera Capital. The investment targets a long-standing limitation in the Bitcoin ecosystem: the lack of native smart contract functionality.
Founded by a team blending traditional finance expertise with blockchain development experience, Arch Labs aims to transform Bitcoin from a primarily store-of-value asset into a fully programmable platform without compromising its core security principles.
"We're building on Bitcoin's foundation, not trying to replace it," explains Emma Chen, Arch Labs CEO. "Our BitScript protocol works within Bitcoin's existing consensus mechanism rather than forcing external solutions onto the network."
