🪙 BOB Secures $21M to Bring Bitcoin Into Ethereum DeFi

BOB has raised $21 million to develop a platform that connects Bitcoin and Ethereum in the DeFi space.

The project will use cross-chain technology like BitVM to let Bitcoin holders earn yields without wrapping their $BTC or moving it to custodial platforms.

According to the team, the goal is to make Bitcoin work in DeFi the same way $ETH does, but without losing the security of the BTC network.

The funding round attracted major crypto investors including Castle Island Ventures, Paradigm, and Coinbase Ventures, showing strong confidence in cross-chain finance.

If successful, BOB could unlock billions in idle BTC for lending, staking, and other on-chain opportunities.