Mezo, built by Thesis and led by founder Matt Luongo (also Thesis CEO), is a permissionless Bitcoin economic layer that amplifies Bitcoin infrastructure while preserving BTC-first principles. Its core product facilitates cheap, efficient transactions and provides access to real-world applications through Thesis-built components like tBTC for trust-minimized bridging. The protocol supports staking via stBTC and Acre, Thesis’ Bitcoin-in, Bitcoin-out staking platform. Mezo will use the new capital to accelerate technology development and grow the BitcoinFi ecosystem, including integrations with partners such as Acre and wallet providers to enable Bitcoin “log in” via hardware and web wallets like Unisat, OKX, and Xverse. Ledger plans to integrate Mezo directly into its suite of products, with further integration details to be disclosed. Operational metrics reported to date include $124.5M in total value locked and 2,152 Bitcoin deposited in the protocol; total funding now stands at $30M following Mezo’s April 2024 launch. Mezo is a permissionless Bitcoin Economic Layer launched by Thesis, a NYC-based venture studio, and led by CEO Matt Luongo. It provides a neutral smart-contract infrastructure that is Bitcoin-native and aims to enable cheap, fast transactions for diverse user-centric use cases. Mezo uses a Proof of HODL mechanism that rewards users with yield and increases HODL Score multipliers the longer bitcoin deposits are locked. New users receive five one-time invitations to onboard friends, with reciprocal earnings tied to the size and duration of invited users’ deposits. Mezo plans to go live with ecosystem support from Thesis-built tBTC for trust-minimized bitcoin bridging. The company intends to use the recently raised capital to expand operations and accelerate development efforts.

Total raised

$29M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2024