ALEX, the decentralized financial layer of the Bitcoin ecosystem, completed US$10 million in strategic financing, led by Spartan Capital

Automated Liquidity Exchange (ALEX), the decentralized financial layer for the Bitcoin ecosystem, has completed a strategic financing round of $10 million with Spartan Capital leading the investment and participation from CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital, and EVG. It is reported that ALEX creates a Bitcoin-specific decentralized financial layer through Layer2, cross-chain bridges, oracles, and other infrastructure. ALEX plans to use the new funds to continue developing its financial layer on Stacks.