HTX Ventures, the global investment arm of cryptocurrency exchange HTX, has announced a strategic investment in Nexio. Nexio is an innovative Bitcoin scaling solution that uses parallelized ZK Rollup with MoveVM.
Nexio’s parallelized Bitcoin rollup, built on MoveVM, supports over 30,000 transactions per second. With gas fees under $0.01, it is ideal for high-frequency applications. This technology addresses critical challenges in the Bitcoin ecosystem, such as slow transaction processing, high gas fees, and inadequate tools that have stood in the way of widespread adoption.
Nexio recently raised $2.2 million in pre-seed financing led by Lattice Fund and with participation from HTX Ventures. Aimed at revolutionizing the scalability and usability of Bitcoin, this funding will enable Nexio to accelerate the development and adoption of its parallelized Bitcoin rollup technology. Nexio sets new standards in blockchain technology led by co-founders with experience in Bitcoin zkVM rollup development.
Nexio’s technology combines zk-Rollup, Multi-Party Computation (MPC) Threshold Signature Scheme and the Fractal Interpreter to set new standards in speed, security and interoperability. By using MPC Threshold Signatures, Nexio eliminates single points of failure and provides robust, decentralized transaction validation that is more secure than traditional multisig approaches.
“Nexio’s innovative Bitcoin scaling solution is designed to enhance Bitcoin’s capabilities and bridge the gap between different blockchain ecosystems. It seamlessly integrates applications and liquidity from Move, Cosmos and all EVM-compatible ecosystems into Bitcoin,” reports Edward, Managing Partner at HTX Ventures. “In addition, Nexio offers highly competitive, low gas fees and an infrastructure that supports high TPS rates. HTX Ventures is excited to help Nexio launch a new era of innovation and adoption within the Bitcoin ecosystem and facilitate the growth of complex DeFi applications, gaming platforms, NFT marketplaces and infrastructure projects on its platform.”
“Nexio’s vision is to unlock the full potential of Bitcoin by providing a scalable, secure and cost-effective infrastructure,” said Charlie Gordon, co-founder of Nexio. By partnering with Movement Labs, Nexio has created a framework that enables horizontal interoperability through modular Move Virtual Machines with high throughput and vertical composability combined. This integration enables developers to work with Aptos move, Sui move and Solidity, ensuring robust cross-chain functionality and seamless asset movement across different platforms .
Over the next 6 to 12 months, Nexio aims to achieve several key milestones, including the launch of a permissionless testnet and the subsequent launch of the mainnet solution. These developments are important steps towards revolutionizing the Bitcoin ecosystem with improved scalability, security and interoperability.
Information about Nexio
Nexio revolutionizes Bitcoin scalability through a parallelized Bitcoin rollup. The team provides a range of products and services that help developers harness the power of Bitcoin for complex DeFi applications, gaming platforms, NFT marketplaces and infrastructure projects without compromising security or efficiency. Nexio technology supports more than 30,000 transactions per second with extremely low gas fees, making it ideal for high-frequency applications. Led by co-founders with years of experience in developing Bitcoin zkVM rollups, Nexio is setting new standards in blockchain technology.
For more information, follow Nexio on X @buildnexio and up Discord.
Information about HTX Ventures
HTX Ventures, HTX’s global investment division, integrates investment, incubation and research to identify the best and brightest teams worldwide. With more than a decade of history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models in the sector. To promote growth within the blockchain ecosystem, we provide comprehensive support for projects, including funding, resources and strategic advice.
HTX Ventures currently supports over 300 projects across various blockchain sectors. Selected high-quality initiatives are already trading on the HTX exchange. In addition, as one of the most active FOF (Fund of Funds), HTX Ventures invests in 30 global top funds and partners with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca and Hack VC to to build a blockchain ecosystem together. Visit us here.
Please contact us for investments and collaborations at VC@htx-inc.com.
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