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Alphen Labs
Alpen Labs company profile covering its overview and insights into the team and milestones.
Company Info
Alpen Labs is a Bitcoin infrastructure and fintech company working on zero-knowledge (ZK) technology to make Bitcoin-based financial systems more scalable and private. Founded in 2022, the team is developing a modular rollup layer for Bitcoin that allows use cases such as DeFi, stablecoins, loans, and payments while maintaining decentralization. Alpen Labs, with a heavy focus on ZK cryptography, Bitcoin Layer 2 scaling, and financial inclusion, aims to shape Bitcoin DeFi (BTCFi) and the next phase of cryptocurrency infrastructure.
Key Features of Alpen Labs:
- Creates a modular rollup layer atop Bitcoin to improve scalability and add smart contract-like capabilities.
- Supports a Bitcoin-native financial environment that allows for direct trade, lending, borrowing, stablecoins, and yield.
- Strata enables Bitcoin programmability without the need for wrapped tokens or custodians.
- Improves transaction speed and cost with scalable Bitcoin Layer 2 solutions based on rollups and ZK technology.
Alpen Labs Milestones:
| Year | Key Achievements | |
| 2022 | Founding | The company began in San Francisco, with an initial focus on research for ZK-rollups on Bitcoin. |
| 2023 | Technical Foundations | The team unveiled the main technical designs for Bitcoin validity rollups. |
| They also began researching "Glock" (Garbled Locks), with the goal of enhancing 1-of-N verification. | ||
| 2024 | Strategic Funding | The project raised $10.6 million in a seed round. Ribbit Capital led the round, with Castle Island Ventures, Axiom Capital, and Robot Ventures also participating. |
| 2025 | Testnet and "Strata" Vision | The Strata idea was presented as a modular Bitcoin layer. Two public testnets, Shanghai and Prague, have gone live to accommodate EVM-compatible Bitcoin applications. |
| Glock and Starknet Grant | The team obtained funding from the Starknet Foundation to build trust-minimized bridges. They also released the Glock paper, showing around 500x efficiency compared to BitVM. | |
| Financial Innovation | The Bitcoin Dollar (BTD), a Bitcoin-backed stablecoin, was announced. Alongside this, the project raised another $8.5M to speed up mainnet development. | |
FAQs
Company Details
Launch Date
Jun-2022
Total Employees
- + 1
Simanta Gautam, Abishkar Chhetri, Pramod Kandel and 1 Others
Contact Details
United States Military Academy, 606 Thayer Rd, West Point, New York 10996, United States
Social Media
Primary Category
- Scaling Solution
All Members
Simanta Gautam
Co-Founder & CEO
Abishkar Chhet...
Co-Founder & Chief Operating Officer
Pramod Kandel
Co-founder & Chief Technology Officer
Chandan Subedi
Co-Founder & Head of Global Operations
Result Not Found
The requested search filter did not yield relevant results.
| # | Investor Name | Investor Category | Funding Date | Funding Round | Invested By | Fund Raised |
|---|---|---|---|---|---|---|
 No Records data foundOops, it’s quiet here! No funding list yet. | ||||||
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