October 14, 2024
Solv Protocol, a Bitcoin (BTC) staking platform, has secured $11 million in funding at a valuation of $200 million. The investment came from Nomura’s subsidiary Laser Digital, Blockchain Capital, OKX Ventures, and others. Solv Protocol’s SolvBTC product has over 20,000 BTC staked, amounting to $1.3 billion, spread across 10 major blockchain networks.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Solv | $11M | October 14, 2024 | Strategic Investment | Nomura subsidiary Laser Digital, Blockchain Capital and OKX Ventures | Bitcoin |
In recent years, numerous Bitcoin staking platforms and protocols have emerged, aiming to leverage the vast capital held in BTC by deploying it on other networks.
About Solv
Solv Protocol is a platform that unifies Bitcoin liquidity across multiple networks, enabling seamless participation in decentralized finance (DeFi). Their main product, SolvBTC, allows Bitcoin holders to stake their BTC and earn yields while maintaining flexibility to use their assets in DeFi applications. By partnering with various networks and leveraging advanced strategies, Solv Protocol aims to maximize the earning potential of Bitcoin, making it a more versatile and productive asset in the DeFi ecosystem.
Website: https://solv.finance/
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About Investor
The investment came from Nomura’s subsidiary Laser Digital, Blockchain Capital, OKX Ventures, and others.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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