EigenLayer Gets $70M From a16z to Launch Off-Chain Verifiability Platform

Description

a16z has invested $70 million in EigenLayer to support the launch of EigenCloud, a platform enabling off-chain verifiability for Web2 and AI apps. The platform will also serve institutional players like BlackRock’s $2B BUIDL fund.

Authors

Vince Dioquino

Publish date

June 17, 2025

Publisher

Decrypt

Web URL

https://decrypt.co/325503/eigenlayer-70m-a16z-verifiability-platform

Referenced by

Eigen Labs launches EigenCloud and raises $70M from A16z

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News story

Financial services firm Securitize plans to use the platform to verify asset pricing data for BlackRock's $2 billion BUIDL tokenized fund, marking one of EigenCloud's first enterprise implementations.

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Developers can access an alpha version starting Tuesday, featuring performance upgrades for EigenDA and limited access to EigenVerify services.

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