According to Foresight News, Bitcoin staking protocol Solv Protocol announced the completion of a strategic round of financing of US$11 million. As of now, Solv's total financing amount has reached US$25 million. This round of financing was participated by Blockchain Capital, Laser Digital (a subsidiary of Nomura Group), gumi Cryptos Capital, OKX Ventures, CMT Digital, Antalpha Ventures, Waterdrip Capiatl, Apollo Crypto, IOSG Ventures and ABCDE Ventures. This round of financing will be used for Solv's pledge abstraction layer product development and ecological expansion, and to promote the development of Bitcoin staking. Solv Protocol has established partnerships with multiple protocols such as Babylon Chain, Pendle, Ethena and CoreDAO to explore new use cases and revenue opportunities for Bitcoin.
Solv Protocol’s previous financing investors include: Binance Labs, Bybit, Spartan Group, Hashed, UOB Ventures, Alliance DAO, Sfermion, etc.
