Crypto’s Berachain Becomes Unicorn in $69 Million Funding Round

The Berachain blockchain platform is becoming a unicorn in a more than $69 million funding round co-led by Brevan Howard Digital and Framework Ventures, according to people familiar with the matter.

The project, which is raising the money by selling digital tokens, will be valued at $1.5 billion, the people said, asking not to be identified discussing private information. Berachain focuses on decentralized finance, or DeFi, which enables trading, lending and borrowing without the use of traditional intermediaries like banks.

Berachain is one of the first crypto projects to achieve unicorn status — a valuation of at least $1 ...