What BEVM does

BEVM is a Singapore-headquartered decentralized Bitcoin Layer2 platform founded in 2023. It enables EVM-compatible smart contracts to execute on Bitcoin's infrastructure through a proprietary Taproot Consensus architecture that combines Bitcoin SPV state channels with Taproot to deliver decentralized custody while inheriting Bitcoin's security model. The core product is the BEVM mainnet, which launched on March 28, 2024, and the platform has since evolved into the GEB (Gödel, Escher, Bach) framework — a four-layer architecture comprising UTXO-bound individual accounts, a Computable Turing Machine validation engine, an Ordinal Logic System for hash-linked state history, and the Agere0 non-cooperative game convergence mechanism.

BEVM serves two primary customer segments: crypto-native developers and protocols building decentralized applications (DeFi, NFT, DAO) on Bitcoin infrastructure, and Bitcoin hashrate asset holders seeking to migrate and utilize assets within the PoW ecosystem through Layer2 infrastructure. The company monetizes via Layer2 transaction and gas fees for smart contract execution, with no disclosed pricing tiers or enterprise contracts.

The company has built strategic distribution and credibility through partnerships with Binance (first BTC Layer2 integrated into Binance Web3 wallet) and Bitmain (which invested at a $200 million post-money valuation in April 2024 — Bitmain's only BTC Layer2 investment). BEVM is venture-backed via a ViaBTC Capital angel round (February 2024), a $10M multi-investor round (March 2024), and the Bitmain round, totaling tens of millions USD raised at a $200M valuation, with 700,000+ on-chain user addresses recorded at mainnet launch.

Name

BEVM

Website

https://bevm.io

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

BEVM is a Singapore-based decentralized Bitcoin Layer2 platform founded in 2023 that enables EVM-compatible smart contracts on Bitcoin through Taproot Consensus, serving crypto-native developers building DeFi, NFT, and DAO applications and Bitcoin hashrate asset holders.

Ownership category

akta.pro rank

Product category

Blockchain Layer2 Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Systems Design and Related Services (54151)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing) (FSAPAAAH)

Keywords

• Bitcoin Layer2
• EVM-compatible blockchain
• Taproot consensus
• Decentralized smart contracts
• Bitcoin infrastructure

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Layer2 Infrastructure Services: BEVM provides second-layer infrastructure on Bitcoin, likely monetizing through transaction fees, gas fees for smart contract execution, and potentially staking/liquidity services within the PoW ecosystem.
2. Infrastructure and Liquidity Services: Enhancing liquidity within the BTC Layer2 ecosystem and facilitating migration of Bitcoin hashrate assets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

BEVM is a fully decentralized Bitcoin Layer2 (BTC L2) protocol built on Taproot Consensus that combines Bitcoin SPV state channels with Taproot to enable decentralized custody and expand smart contract capabilities on Bitcoin. The platform is EVM-compatible, allowing Ethereum developers to deploy smart contracts and DApps (DeFi, NFT, DAO) on Bitcoin's Layer2 while leveraging Bitcoin's native security model. It supports migration of Bitcoin hashrate assets within the PoW ecosystem and provides UTXO-bound account ownership tied to Bitcoin private keys.

Product overview

BEVM is a Bitcoin Layer2 infrastructure project that has evolved into the GEB (Gödel Escher Bach) platform. The core offering consists of BEVM as an EVM-compatible BTC Layer2 solution built on Taproot Consensus, which enables decentralized second-layer functionality on Bitcoin. The GEB platform extends this with a four-layer collaborative architecture comprising Bitcoin UTXO-bound individual accounts, a Computable Turing Machine validation engine, an Ordinal Logic System for hash-linked state recursion, and the Agere0 non-cooperative game convergence mechanism. Together, these products provide a fully decentralized, security-focused Layer2 solution for Bitcoin.

Differentiator

Problem solved

Functional benefit

Products and services

• BEVM Bitcoin Layer2 Protocol A fully decentralized Bitcoin Layer2 solution built on Taproot Consensus that combines Bitcoin SPV state channels with Taproot to enable EVM-compatible smart contract execution, decentralized custody, and DApp deployment (DeFi, NFT, DAO) on Bitcoin infrastructure. Targeted at crypto-native developers and Bitcoin hashrate asset holders.
• GEB (Gödel Escher Bach) Platform GEB (renamed from BEVM(λ)) is a paradigm extending the BEVM framework into a four-layer collaborative architecture: Bitcoin UTXO-bound individual accounts, a deterministic Computable Turing Machine validation engine, the Ordinal Logic System for hash-linked state recursion, and the Agere0 non-cooperative game reputation-driven convergence engine. Targeted at developers building complex adaptive systems and decentralized applications on Bitcoin-secured infrastructure.

Quantifiable outcome

• 700,000+ on-chain user addresses
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature6 records

Partnerships

One partnership is on record.

• BinanceflagshipGTM or Marketing Partner · 30 April 2024Binance integrated BEVM into its Web3 wallet as the first BTC Layer2 project. This partnership provides BEVM with global distribution through Binance's massive user base and positions BEVM as the premier Bitcoin Layer2 solution within the Binance ecosystem. The integration enables Binance Web3 wallet users to access BEVM's Layer2 infrastructure.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Rootstock (RSK): Rootstock is the longest-running EVM-compatible Bitcoin sidechain, offering smart contract execution secured by Bitcoin merge-mining. It is the most direct comparable to BEVM's EVM-on-Bitcoin positioning and competes for the same Ethereum-on-Bitcoin developer mindshare.
• Stacks: Stacks is the most established Bitcoin Layer2 with Clarity smart contracts, a live mainnet, and significant ecosystem traction. It competes with BEVM for BTC L2 developer mindshare and DeFi/NFT activity, and is the canonical 'first' BTC L2 narrative that BEVM is now contesting.
• BOB (Build on Bitcoin): BOB is a Bitcoin L2 hybrid (combining Bitcoin security with EVM execution) targeting the same Ethereum-on-Bitcoin developer wedge as BEVM. Its BitVM-based trust-minimized bridge model makes it a closely comparable architectural and go-to-market peer.
• Liquid Network: Liquid is a Bitcoin sidechain operated by Blockstream that offers faster settlement and asset issuance on top of Bitcoin. It is comparable to BEVM as a Bitcoin-anchored Layer2 infrastructure play, though with a federation-based rather than fully decentralized security model.

Emerging players

• Babylon: Babylon is a Bitcoin staking protocol that enables BTC holders to secure other chains. It is comparable to BEVM as a Bitcoin Layer infrastructure project with shared narrative, complementary rather than directly overlapping use cases (staking vs. smart contract execution), but competing for the same Bitcoin-capital narrative.
• Citrea: Citrea is an emerging ZK-rollup Bitcoin L2 that uses validity proofs to enable smart contract execution on Bitcoin. It competes directly with BEVM for EVM-compatible smart contract execution on Bitcoin using a different scaling architecture (ZK vs. optimistic/Taproot-based).
• Alpen Labs (Strata): Alpen Labs is building Strata, a Bitcoin L2 with ZK rollup architecture for BTC-secured smart contracts. It is comparable to BEVM as an early-stage BTC L2 pursuing developer-friendly smart contract execution secured by Bitcoin.
• BotFi: BotFi is an emerging Bitcoin DeFi-focused Layer2 targeting retail DeFi use cases on Bitcoin. Comparable to BEVM in targeting the Bitcoin L2 DeFi wedge, though with narrower scope.

Broad incumbents

• Polygon: Polygon operates a broad EVM-compatible L2 and sidechain ecosystem with deep developer tooling and liquidity. It is comparable to BEVM as an EVM-compatible scaling platform, though Ethereum-anchored rather than Bitcoin-anchored, and a much broader incumbent.
• Optimism: Optimism is the leading EVM-equivalent L2 on Ethereum and steward of the OP Stack used by many chains. It is comparable to BEVM as an EVM-compatible Layer2 infrastructure provider, though Ethereum-secured rather than Bitcoin-secured.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/BTClayer2

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BEVM