PANews reported on September 19 that Bitlight Labs announced the completion of a US$9.6 million Pre-A round of financing, led by Amber Group and Fundamental Labs. Other participating investors include UOB Venture Management, Signum Capital, ArkStream Capital , Side Door VC, Outliers Fund, Taisu Ventures, HV Capital, SuDo Research, and Gate Ventures.

The funding will be used to develop a production-grade integration between the RGB protocol and the Lightning Network, aiming to build a low-fee settlement system for Bitcoin-native stablecoins and serve the wallet and merchant ecosystem. Bitlight Labs stated that it will continue to promote the intelligent development of Bitcoin, the Lightning Network, and the RGB protocol.