Bitcoin News Today: Maestro Secures $3M Seed Funding to Build Native Bitcoin Financial Infrastructure

Marvin Bertin, co-founder and CEO of Maestro, recently highlighted advancements in Bitcoin finance, emphasizing the development of infrastructure that supports the growth of BitcoinFi applications. As part of this effort, Maestro recently secured a $3 million seed round, underscoring a growing interest in building native Bitcoin financial systems. This funding is expected to enhance market liquidity and reinforce security sentiment in the Bitcoin ecosystem [1].

Bertin has been a vocal advocate for UTXO-based BitcoinFi solutions, which prioritize on-chain security and transparency. He has expressed concerns about cross-chain bridges and wrapped assets, noting that they introduce centralized vulnerabilities. Instead, he promotes protocols such as PSBTs and Runes that operate natively on the Bitcoin network. These approaches aim to reduce reliance on custodial infrastructure and support the development of decentralized financial applications [1].

The Maestro team is focused on building a more robust and secure Bitcoin-denominated capital market. Bertin highlighted that the convergence of traditional finance (TradFi) and decentralized finance (DeFi) within a Bitcoin-native framework is now possible, thanks to recent technological developments. This evolution is expected to reshape the financial applications landscape, offering safer platforms for exchanges, lending, and stablecoin issuance [1].

Historical patterns support the shift toward native Bitcoin solutions. Cross-chain bridge exploits in the past have demonstrated the risks associated with custody-based approaches. As a result, many investors are now favoring native Bitcoin assets over those that require third-party intermediaries. Bertin’s emphasis on UTXO-native DeFi reflects this industry-wide trend, which seeks to minimize custodial risk while expanding the utility of Bitcoin as a financial asset [1].

According to Bertin, the Bitcoin network is transitioning from a static reserve asset to a dynamic financial network. He noted that critical components for on-chain financial applications are now in place, signaling a pivotal moment for the Bitcoin ecosystem. This infrastructure development is expected to enhance the productivity of Bitcoin and establish it as a foundational layer for global finance [1].

Source: [1] Marvin Bertin Discusses Bitcoin Finance Advancements (https://coinmarketcap.com/community/articles/689b5237dd35cc24e8f4c5c0/)