January 6th — ZenChain has successfully closed an $8.5 million financing round, led by Watermelon Capital, DWF Labs, and Genesis Capital, per official sources. The cross-chain infrastructure project also secured a $1.5 million angel investment commitment ahead of its Token Generation Event (TGE). The newly raised capital will be allocated to: accelerating core protocol development, expanding validator nodes and ecosystem participation, supporting marketing and ecosystem growth initiatives, and preparing for the upcoming TGE and subsequent mainnet milestones. ZenChain aims to enable Bitcoin and EVM-compatible assets to operate within a unified, secure framework. The network prioritizes capital efficiency, validator consensus security, and long-term sustainability over short-term speculation.
