Hemi Labs, a start-up that aims to consolidate the powers of Bitcoin and Ethereum under one network, has raised $15 million in its first funding round with lead investors including Binance Labs, Breyer Capital,

The investment round was led by Binance Labs, Breyer Capital and Big Brain Holdings, Hemi said. Breyer was an early stage investor in Facebook (META), stablecoin issuer Circle and

Hemi Labs, co-founded by a close collaborator of Satoshi Nakamoto, has raised $15 million, which will be used in the continuing development of the modular blockchain Hemi Network.