PANews reported on January 6th that blockchain network ZenChain has announced the completion of an $8.5 million funding round. This round was co-led by Watermelon Capital, DWF Labs, and Genesis Capital. Furthermore, angel investors have committed an additional $1.5 million ahead of ZenChain's upcoming Token Generation Event (TGE).

The new funding will be used to accelerate core protocol development, expand validator and ecosystem participation, support marketing and ecosystem initiatives, and prepare for the upcoming TGE and mainnet launch milestones. ZenChain aims to build a secure interoperability layer connecting Bitcoin native capital with the Ethereum-compatible (EVM) ecosystem, supporting cross-chain value transfer and decentralized applications. Its design focuses on capital efficiency, validator alignment security, and long-term sustainability.