2 weeks ago
BOB, a bitcoin (BTC) decentralized concern (DeFi) protocol combining the information of Bitcoin with Ethereum’s DeFi capabilities, has raised $9.5 cardinal successful a strategical backing round.
The concern bring BOB's ("Build connected Bitcoin") full funds raised to $21 million, following erstwhile raises successful 2024.
The latest rise volition beryllium utilized to money BOB’s imaginativeness of gathering the “Gateway to Bitcoin DeFi” by launching a mainnet BitVM bridge and enabling Bitcoin finality via staked BTC aboriginal this year. This volition let users to span BTC from the Bitcoin web and deploy it crossed DeFi protocols connected BOB.
Castle Island Ventures, which led BOB’s $10 cardinal effect round, besides contributed to the latest raise, alongside Ledger, RockawayX, IOSG Ventures and Bankless Ventures. Anchorage, Amber Group, and Sats Ventures joined arsenic caller investors, according to an emailed announcement connected Thursday.
“By combining BitVM and BTC staking, we’re proving however Bitcoin tin unafraid an full DeFi ecosystem,” said co-founder Alexei Zamyatin. “A stake connected BOB is simply a stake connected Bitcoin DeFi itself.”
The mainnet motorboat is expected by the extremity of the year.
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