Latest news with #Citrea
Fibre2Fashion
10 hours ago
- Business
- Fibre2Fashion
Spain's Loewe debuts Citrea fabric in Paula's Ibiza 2025 Collection
Spanish luxury fashion house Loewe has incorporated the new Citrea fabric line—developed by textile innovators Pyratex and Orange Fiber—into its Paula's Ibiza 2025 collection. This innovative fabric is made by the Italian company Orange Fiber from a fibre derived from citrus peel agri-waste. 'Loewe has chosen our material to create an amazing, draped top for the Paula's Ibiza 2025 collection,' Orange Fiber said in a post on its official LinkedIn account. Loewe has featured Citrea fabricâ€'created by Pyratex and Orange Fiberâ€'in its Paula's Ibiza 2025 collection. Made from Sicilian citrus peel agri-waste, the sustainable fibre is combined with wood pulp to produce Tencel Limited Edition x Orange Fiber Lyocell yarn. Fully traceable and European-made, the fabric reflects a new vision of luxury blending sustainability with innovation. The fabric innovation stems from the abundant citrus waste generated in Italy—over 700,000 tonnes of orange peels discarded annually after juice extraction. This agri-waste is collected wet or sun-dried in Sicily, thoroughly cleaned, and processed to extract cellulose. The resulting fibre is combined with wood pulp using a low-impact method akin to the production of Tencel, resulting in a sustainable Lyocell yarn branded as Tencel Limited Edition x Orange Fiber. Once produced, the yarn is spun in Italy and transported to Portugal, where it is knit and finished by Pyratex. The result is a 100 per cent traceable fabric produced entirely in Europe, where citrus agri-waste effectively replaces part of the virgin wood pulp. 'The Pyratex Citrea fabric collection, centred on the reuse of citrus agricultural waste, aligns with our Spanish and Mediterranean identity. It represents a new concept of luxury, based on the harmony between sustainability and technological innovation,' Pyratex said in a LinkedIn post. Fibre2Fashion News Desk (KD)
Business Upturn
27-05-2025
- Business
- Business Upturn
Asigna Announces a $3M Funding Round and a Multisig v2 Upgrade
New York, NY, May 27, 2025 (GLOBE NEWSWIRE) — Asigna, the leading smart multisig vault operator for Bitcoin, its metaprotocols and Layer-2s is launching a major v2 upgrade with support for Embedded Apps and a developer SDK. The project also announced it raised a $3M funding round led by Hivemind Capital and Tykhe Block Ventures with participation from Sats Ventures, Trust Machines, and various angels. Asigna previously completed a pre-seed round led by Portal Ventures, with support from Bitcoin Frontier Fund. Asigna is a non-custodial smart multisig vault designed for secure Bitcoin asset management that protects over $1.1B of funds. It enables teams, DAOs, and institutions to securely manage shared Bitcoin treasuries and participate in Bitcoin DeFi while minimizing the risks of hacks and conflicts. Asigna integrates the Bitcoin base layer and execution environments like Stacks, Arch, Citrea, Botanix, and enables all standard wallet operations, including direct interactions with dApps, decentralized exchanges, bridges, and metaprotocols, such as Ordinals, Runes, Alkanes, BRC-20, Rare Sats, and others. 'With Asigna, we are establishing foundational infrastructure for institutions and large holders to securely and confidently participate in the evolving Bitcoin ecosystem,' said Viven, Co-Founder at Asigna. 'There's a critical need for robust, transparent, and programmable non-custodial solutions, and the multisig infrastructure is at the heart of this transformation.' With this v2 release, Asigna's users will be able to interact with Bitcoin-based applications directly from within the multisig environment via Embedded Apps. The app now also provides a customizable dashboard for portfolio tracking and enables direct swaps between Bitcoin Assets and BTC. In addition to this, Asigna released its Connection SDK and Multisig SDK to empower third-party developers to connect user multisig wallets directly to their Bitcoin and Stacks applications. They can make multisig vaults, create, sign and execute transactions, sign messages, manage funds, contract deployments and calls. New features also include the ability for vaults to have Sub Accounts, Email notifications, Governance, Customizable signer permissions, Privacy mode, and advanced UTXO Management. 'What's unique about Asigna is that, unlike many other onchain smart wallet implementations, it is fully native to the Bitcoin layer, with no smart contract risks. We don't directly interact with private keys and account owners can use any wallet to sign their transactions,' said Vlad, Co-Founder at Asigna. 'Which means these multisig wallets can never be frozen or lost, regardless of what happens to Asigna. As it should be'. Over $2.2 trillion of assets were stored in Bitcoin in late 2024 when it reached the previous peak price of $108,135. Fueled by unprecedented ETF demand that significantly outpaced mining production, Bitcoin's ecosystem is experiencing explosive growth, particularly within its DeFi sector, which boasts a $6 billion Total Value Locked and is expected to grow rapidly along with the launches of scaling metaprotocols. Asigna is perfectly positioned to support this growth and will use the raised funding to build offerings for enterprise customers to provide access to DeFi and yield generation through staking and lending with a white-glove service. 'We believe Asigna's innovative approach to Bitcoin security and its seamless integration with Layer-2 protocols make it a game-changer for institutional investors', said Kayla Phillips, Senior Investment Principal at Hivemind Capital. 'We are thrilled to support their mission to provide robust and transparent non-custodial solutions for the evolving Bitcoin ecosystem.' About Asigna Asigna is a smart multisig vault operator for Bitcoin and its Layer-2 metaprotocols, protecting over $1.1B in assets. Its multi-party custody approach allows teams, DAOs, and institutions to securely manage shared Bitcoin treasuries and DeFi assets with collective control. Asigna integrates the Bitcoin base layer and metaprotocols, enabling direct interactions with dApps, decentralized exchanges, bridges, and metaprotocols. For more information, please visit Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
23-04-2025
- Business
- Yahoo
Bitcoin Rollup Citrea Deploys Bridge to Tackle Collateral Bottleneck of Using BTC in DeFi
A project aiming to expand Bitcoin's utility is tackling the collateral requirements of bridging the blockchain to programmable layer 2s. Rollup project Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge uses the BitVM2 programming language to expand the provision for decentralized finance (DeFi) on Bitcoin, by using it to verify layer 2s and sidechains that are fully programable in the way Bitcoin isn't. "A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment," Citrea said on Monday. Clementine is designed to solve this by providing a trust-minimized way to bridge bitcoin (BTC) for use in DeFi environments. The BitVM family of computing paradigms, which could allow Ethereum-style smart contracts on Bitcoin, often lies at the heart of attempts by developers to make the network more programmable and thus allow BTC to power DeFi activities. However, BitVM is hampered by the requirement to deposit BTC as a security mechanism each time a computation is initiated. "We reuse the operator's collateral, allowing them to facilitate multiple peg-outs with a single collateral," Citrea co-creator Ekrem Bal told CoinDesk in a Telegram message. Peg-outs refer to the process of moving assets from a sidechain back to Bitcoin, triggering the release of the locked BTC collateral on the main chain. Citrea deployed Clementine on the original BitVM design last September. Citrea's latest bridge uses BitVM2, an upgrade that boasts improvements such as allowing any participant to challenge suspicious transactions, not just a fixed set of operators. Sign in to access your portfolio
