Bitcoin decentralized finance (DeFi) developer Arch Labs raised $13 million in funding toward building "ArchVM," which the developers say will provide smart-contract functionality on the original blockchain.The funding round, which valued the company at $200 million, was led by Pantera Capital, according to an announcement on Tuesday.Arch's plans to enable decentralized applications and protocols natively on Bitcoin.ArchVM will handle off-chain computations to enable "Turing-complete smart contracts at the Bitcoin base layer" and provide Solana-like transaction speeds, Arch Labs said in the announcement
source: https://www.coindesk.com/business/2025/04/22/arch-labs-raises-13m-in-funding-for-bitcoin-based-smart-contracts