**Exciting News from Paris: Byzantine Finance Secures $3M in Pre-Seed Funding to Revolutionize Restaking**
Paris, France, February 25th, 2025 – Chainwire – Byzantine Finance, a pioneering restaking aggregation layer, has announced the successful completion of a $3 million pre-seed funding round, led by Node Capital and Blockwall Ventures. This investment will empower Byzantine to provide institutions with seamless access to restaking, a concept likened to the internet bond market. By allowing invested assets to secure multiple systems, restaking diversifies risk and generates returns from various sources. As traditional staking returns decline due to high demand, restaking offers a way to enhance yield without significantly increasing risk.
Byzantine’s innovative restaking solution opens the door for institutions and professional investors to tap into one of the most promising new DeFi primitives, boasting a total value locked (TVL) of over $20 billion. The pre-seed round garnered significant interest from venture capitalists and angel investors focused on web3, with over 30 participants, including notable names like Lightshift, Masterkey VC, and Kiln Ventures, alongside angels from EigenLayer, LayerZero, P2P, Staking Rewards, Ledger, BitGo, Drosera, Request Finance, and more.
As the first permissionless restaking aggregation layer, Byzantine’s protocol is designed with institutional-grade security and architecture. It allows users to deploy customized restaking strategies through intelligent on-chain vaults without needing permission. By integrating various networks, restaking protocols, operators, and collateral assets, creators can develop tailored restaking products in distinct on-chain vaults, effectively isolating funds to mitigate risk.
Gaia Ferrero Regis, Co-Founder and CEO of Byzantine Finance, expressed gratitude to their investors, stating, “We appreciate our investors for recognizing the need for a restaking protocol that meets the demands of professional clients. During our research phase, we engaged with hundreds of institutional web3 players and were surprised to learn how many faced barriers to participating in restaking. Byzantine addresses this issue. We enable institutions to create secure, segregated restaking portfolios that align with their operational and risk management needs, maximizing returns and transforming restaking into an institutional-grade on-chain primitive.”
Alan Curtis, COO of Eigen Labs, added, “Byzantine Finance is setting a new benchmark for restaking infrastructure. Their dedication to enhancing restaking aligns seamlessly with EigenLayer’s mission and will be instrumental in broadening access to restaking opportunities for institutional users.”
Currently, restaking is fragmented across various networks, including Ethereum, Layer 2s, Solana, BTC, and others. This fragmentation limits opportunities for participation and earning diverse yields, such as ETH staking rewards. Byzantine simplifies access to restaking through an open-source protocol, enabling financial managers to craft sophisticated restaking strategies with ease.
