BlockBeats reports that on August 7, according to techinasia, the project BOB, dedicated to building a hybrid DeFi chain for Bitcoin and Ethereum, announced it has raised $21 million since December 2024.
It is reported that BOB secured $9.5 million in its latest funding round, with new investors such as Anchorage, Amber Group, and Sats Ventures, who also participated in the previous $1.6 million angel round. Existing supporters include Castle Island Ventures, Ledger, and RockawayX.
Castle Island Ventures previously led BOB's $10 million seed round financing.
The company recently launched its testnet, collaborating with institutions like Lombard, Amber Digital, and RockawayX to enable native Bitcoin DeFi trading. The BOB team disclosed that this funding will be used to accelerate the development of the BOB hybrid public chain architecture and BitVM protocol, placing the Bitcoin ecosystem at the core of the DeFi world, thereby developing more innovative applications for the Bitcoin ecosystem and unlocking trillions of dollars of liquidity in Bitcoin.