Today Bloomberg reported that Brevan Howard Digital and Framework Ventures co-led a $69 million funding round for Berachain at a $1.5 billion valuation, citing sources. Last year Berachain raised a $42M Series A with investors including Hack VC, Polychain, Shima Capital, Citizen X and Robot Ventures. Berachain is a Layer 1 Ethereum compatible blockchain built using Cosmos technology. It has yet to launch, but its testnet went live in January. Cosmos is known for its Inter-Blockchain Communication Protocol (IBC), one of the popular blockchain interoperability solutions. For example, MUFG is integrating Japan’s Progmat Coin stablecoin platform with public blockchains using technology based on IBC.