At Babylon, we envision a future where Bitcoin and Proof-of-Stake (PoS) chains thrive together. Our mission is to build a Bitcoin-driven decentralized world by evolving Bitcoin into a trusted security backbone for PoS chains, delivering yields for bitcoin holders while fostering an integrated, secure, and decentralized economy. We trace our genesis to a transformative research paper on Bitcoin security, an original work co-authored by our co-founders, David Tse and Fisher Yu, the founder of EigenLayer, Sreeram Kannan and co-authors. Their combined intellect and foresight have set the cornerstone of Babylon. In a testament to our dedication to advancing the field, our research paper has been accepted by the highly-respected 2023 IEEE Symposium on Security and Privacy - a significant global platform for security discourse. The project is led by a team of consensus protocol researchers from Stanford and experienced layer 1 engineers from around the world. Babylon’s mission is to scale Bitcoin to secure the decentralized world. To achieve this, Babylon utilizes the three primary facets of Bitcoin: Bitcoin as an asset, its reliable timestamping service, its most censorship-resistant blockspace in the world. To leverage these facets, Babylon is developing three innovative security-sharing protocols: Bitcoin Staking Protocol, Bitcoin Timestamping Protocol, and Bitcoin Data Availability Protocol. Through these pioneering protocols, Babylon envisions a more secure and decentralized future.
Bitwise Asset Management is a trusted partner to individuals, wealth managers, family offices, investment managers, and institutions in navigating cryptocurrency. Bitwise develops funds, indexes, insight, and other services. The team behind Bitwise has backgrounds in technology, security, and finance.