LK Venture announces co-lead investment in Bitcoin cross-chain bridge XLink

Hong Kong-listed company Blue Harbour Interactive (8267.HK) affiliated crypto investment research institution LK Venture announced that it has jointly led the investment in Bitcoin cross-chain bridge project XLink through BTC NEXT, an investment management fund in the Bitcoin network ecology. XLink, a Bitcoin cross-chain bridge developed by the AlexLabs team, aims to connect Bitcoin DeFi with Ethereum and other ecosystems' liquidity, and provide liquidity aggregation for protocol assets such as BRC20, ARC20, Runes, and Bitcoin Layer2 ecological assets based on the Bitcoin mainnet. Since its launch on December 1, 2023, XLink's total trading volume has exceeded 60 million US dollars. In early November 2023, LK Venture initiated the BTC NEXT, a Bitcoin network ecology investment management fund with a total size of 15 million US dollars, and has invested in projects and series of emerging Bitcoin ecological assets such as UniSat, ALEX Labs, MAP Protocol, BiHelix, bitSmiley, and Merlin Chain. LK Venture is also a founding member of BTC Security Lab.