BounceBit, a Bitcoin restaking protocol under development, has raised $6 million in a seed funding round co-led by Blockchain Capital and Breyer Capital.

Other investors in the round included CMS Holdings, Bankless Ventures, NGC Ventures, Matrixport Ventures, DeFiance Capital, OKX Ventures and HTX Ventures, BounceBit said Wednesday. Several angel investors, including Nathan McCauley, co-founder and CEO of Anchorage Digital; Ashwin Aiyappan, portfolio manager at Brevan Howard; and Calvin Liu, chief strategy officer of EigenLayer, also joined the round, BounceBit added.

BounceBit was founded last December and closed the seed round last week, founder and CEO Jack Lu, formerly a partner at NGC Ventures, told The Block. Lu said the round was structured as a simple agreement for future equity …