Citrea, a Bitcoin application platform backed by Founders Fund and Galaxy Ventures, has announced the creation of the Citrea Foundation, an independent organization aimed at accelerating the growth and distribution of Bitcoins scalable ecosystem.
The foundation will serve as the ‘manager’ of the Citrea Network, supporting open source development, encouraging community growth, and expanding access to Bitcoin applications focused on privacy, privacy, and capital market activity.
Orkun Kilic, director of the Citrea Foundation and founder of Chainway Labs, said that the program will direct research and ecosystem development to establish a future where interactions with Bitcoin depend on safe storage, privacy, and efficient trading markets.
Kilic said, in a statement sent to the media Bitcoin Magazinethat the foundation will provide the necessary structure for builders and institutions to be able to participate in the network while maintaining their decentralized goals.
The foundation will fund cryptography research and infrastructure projects designed to create trustless bridges that eliminate reliance on foreign collateral or currency restrictions.
It will also provide strategic support to developers and projects that expand Bitcoin’s financial support, providing grants and technical guidance to foster a broad ecosystem of high-performance applications.
Murat Karademir, founder and COO of Chainway Labs, and an independent non-executive director based in the Cayman Islands join Kilic on the foundation’s board.
The board is responsible for ensuring that the association’s activities are consistent with its mission to support expansion while promoting a healthy and active engineering community.
The Citrea Foundation is positioned as a key component in Citrea’s long-term mission to distribute the network.
By coordinating research, funding development, and community outreach, the foundation aims to increase access to Bitcoin applications and reduce barriers for users seeking secure and privacy-focused solutions.
Observers say the move reflects a strategic push to strengthen Bitcoin’s position as a scalable financial network capable of supporting complex capital markets.
Citrea itself acts as a Bitcoin application layer, providing institutions and individual users with the tools to access the Bitcoin capital markets while maintaining compliance with the network’s security model.
Citrea mainnet
Back in January, Citrea launched its mainnet and ctUSD, a stablecoin denominated in the US dollar fully supported by Short-Term Funds, which aims to enable lending, trading, and other financial activities directly on the Bitcoin network.
The company said it wants to unlock the $1.2 billion Bitcoin that hasn’t been in for more than a year by providing the infrastructure for a complementary money market.
The platform has attracted investments from Founders Fund, Galaxy Ventures, Maven 11, Delphi Digital, Erik Voorhees, and Balaji Srinivasan, indicating growing confidence in the Bitcoin financial ecosystem.
