December 5, 2024
Holyheld, a Zug-based crypto payments startup, has secured funding to advance its Blockchain Reconciliation and Remittance Record (BRRR) protocol. This funding round included contributions from Toyota Ventures, TempleDAO, Tomahawk VC, Prismatic Capital, Zee Prime Capital, Polygon, Kosmos Ventures, and Moonlanding Ventures. The company also attracted angel investors associated with blockchain projects like Lido, Olympus, and Superfluid.
The BRRR protocol is designed to link blockchain networks with traditional payment systems, enabling real-time transaction capabilities. Holyheld’s application, powered by BRRR, provides a debit card service that integrates with self-custody wallets, allowing users in 30 European countries to transact with cryptocurrencies for everyday purchases. The protocol has processed over $100 million in volume since its 2023 launch and is integrated with more than 100 crypto protocols across 15 blockchain networks.
Proceeds from this funding will support the expansion of Holyheld’s network and client base worldwide. The company aims to establish a robust global payments layer connecting digital assets with traditional financial systems. Holyheld’s innovative approach seeks to provide businesses and individuals with efficient and scalable payment solutions.
About Holyheld
Holyheld develops blockchain-based payment and reconciliation solutions. The company operates from Zug, Switzerland, and Vilnius, Lithuania, offering products such as the Web3 debit card powered by the BRRR protocol. Holyheld’s mission is to enhance financial accessibility for cryptocurrency users and businesses.
Website: https://holyheld.com/
X: @holyheld
About Investor
Toyota Ventures
Toyota Ventures is a venture capital firm focused on emerging technologies and innovative solutions. Based in California, the firm supports startups across a range of sectors, fostering advancements that align with its vision for the future.
Website: https://toyota.ventures/
Location: San Francisco, California
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