Citrea Launches Foundation to Advance Bitcoin’s Programmable Future

Citrea, a Bitcoin application platform backed by major investors like Founders Fund and Galaxy Ventures, has established the Citrea Foundation. This independent organization is tasked with stewarding the Citrea Network, focusing on supporting open-source development, fostering community growth, and expanding access to Bitcoin applications centered on self-custody, privacy, and capital market activity.

The foundation, directed by Orkun Kilic and including Murat Karademir on its board, will fund cryptography research and infrastructure projects, particularly those creating trustless bridges that eliminate reliance on external collateral. It aims to provide the necessary structure for builders and institutions to participate while upholding decentralized principles.

This initiative is a key part of Citrea's long-term goal of network decentralization. Citrea itself recently launched its mainnet and ctUSD, a stablecoin backed by Treasuries, to unlock idle Bitcoin capital by providing compliant, on-chain capital market infrastructure.

(Source：Bitcoin Magazine)