Quick take:
- Solv aims to establish a $100 million Bitcoin reserve.
- The company plans to deploy the raised BTC in a variety of yield-generating tools including liquidity staking tokens, DeFi protocols, RWAs and institutional financial products.
- The Bitcoin Reserve Offering reportedly combines traditional bond issuance with crypto-native features to promote the adoption of Bitcoin Finance.
Solv Protocol has raised $10 million for its Bitcoin Reserve Offering, looking to deploy $100 million in BTC. According to the announcement, the Bitcoin staking protocol plans to use the fresh capital to accelerate the integration of Bitcoin into DeFi and traditional finance.
Solv plans to deploy the raised BTC in a variety of yield-generating tools including liquidity staking tokens, DeFi protocols, RWAs and institutional financial products as part of a broader strategy of enabling traditional financial institutions to invest in BTC as a store of value without physically buying or holding Bitcoin.
Commenting on the announcement on Thursday, Solv said in a statement: “What this means is that Solv’s protocol-owned Bitcoin Reserve will be active and productive, rather than having the BTC sitting idle.”
The announcement comes at a time when traditional financial institutions are increasingly seeking ways to tap into the crypto space amid high expectations that the industry will enjoy a clearer regulatory framework under the Trump administration.
Last week, Trump signed an executive order to establish a U.S. strategic Bitcoin reserve, fulfilling one of his campaign promises. He has also been building a crypto-centric core to spearhead various key finance departments, including the Securities and Exchange Commission and Commodities Futures Trading Commission, among others.
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