Solv Protocol
Founders: $SOLV
Protocol was founded in October 2020 by three specialists: Mike Meng, Will Wang, and Ryan Chow.
Top management: Ryan Chow is the CEO of the project.
Team: It includes specialists from the banking sector (Goldman Sachs, J.P. Morgan), as well as product managers from Binance and OKX.
Technical contribution: The team representatives are the authors of the ERC-3525 standard, which became the basis for the development of semi-seven-fungible tokens (SFT) and a widely used DeFi tool.
Sponsors and Investors
The project has received significant funding at various stages:
Series A (2021)
Around $4 million raised, lead investors:
Blockchain Capital
Sfermion
gumi Cryptos Capital
Also supported by:
DeFi Alliance
TheLAO
CMT Digital
CMS Holdings
Apollo Capital
Shima Capital
SNZ Holding
Zonff Partners
HASH CIB
Spartan Group
Axia8 Ventures .
Round 2023 – $6 million
Participants:
Laser Digital (a subsidiary of Nomura Securities)
UOB Venture Management
Mirana Ventures
Emirates Consortium
Matrix Partners
Apollo Capital
Hash CIB
Geek Cartel
Bytetrade Labs
Backed by Binance Labs (official strategic investor, January 2022) .
Round 2024 – $11 million (part of $25 million total)
Investors:
Laser Digital (Nomura)
Blockchain Capital
OKX Ventures
CMT Digital
gumi Cryptos Capital
Angel investors from projects: Berachain, Movement Labs, Ethena, EigenLayer, Mezo, Core, GMX, Curve
Support from Binance Labs, Spartan Group, and others, including IOSG, Mirana, Hashed, Axia8, Comma3, etc.
Having crossed the $25 million mark in total funding at a valuation of $200 million, the project has received a powerful boost for further growth.
Prospects
Scaling and TVL
SolvBTC has become one of the key products, with over 20,000 BTC in staking (≈ $1.3 billion TVL) on several blockchains.
Over 400,000 users actively use SolvBTC, and about 80% of assets generate income.
Technological potential
Staking Abstraction Layer (SAL) is a single interface for Bitcoin staking in different ecosystems, simplifying access and cross-chain interaction.
Solv V3, a product that allows you to create on-chain funds and manage them without trust, is actively developing: in the first quarter - $100 million in trading volume, 25,000 users.
#BTCUnbound @Solv Protocol
Protocol was founded in October 2020 by three specialists: Mike Meng, Will Wang, and Ryan Chow.
Top management: Ryan Chow is the CEO of the project.
Team: It includes specialists from the banking sector (Goldman Sachs, J.P. Morgan), as well as product managers from Binance and OKX.
Technical contribution: The team representatives are the authors of the ERC-3525 standard, which became the basis for the development of semi-seven-fungible tokens (SFT) and a widely used DeFi tool.
Sponsors and Investors
The project has received significant funding at various stages:
Series A (2021)
Around $4 million raised, lead investors:
Blockchain Capital
Sfermion
gumi Cryptos Capital
Also supported by:
DeFi Alliance
TheLAO
CMT Digital
CMS Holdings
Apollo Capital
Shima Capital
SNZ Holding
Zonff Partners
HASH CIB
Spartan Group
Axia8 Ventures .
Round 2023 – $6 million
Participants:
Laser Digital (a subsidiary of Nomura Securities)
UOB Venture Management
Mirana Ventures
Emirates Consortium
Matrix Partners
Apollo Capital
Hash CIB
Geek Cartel
Bytetrade Labs
Backed by Binance Labs (official strategic investor, January 2022) .
Round 2024 – $11 million (part of $25 million total)
Investors:
Laser Digital (Nomura)
Blockchain Capital
OKX Ventures
CMT Digital
gumi Cryptos Capital
Angel investors from projects: Berachain, Movement Labs, Ethena, EigenLayer, Mezo, Core, GMX, Curve
Support from Binance Labs, Spartan Group, and others, including IOSG, Mirana, Hashed, Axia8, Comma3, etc.
Having crossed the $25 million mark in total funding at a valuation of $200 million, the project has received a powerful boost for further growth.
Prospects
Scaling and TVL
SolvBTC has become one of the key products, with over 20,000 BTC in staking (≈ $1.3 billion TVL) on several blockchains.
Over 400,000 users actively use SolvBTC, and about 80% of assets generate income.
Technological potential
Staking Abstraction Layer (SAL) is a single interface for Bitcoin staking in different ecosystems, simplifying access and cross-chain interaction.
Solv V3, a product that allows you to create on-chain funds and manage them without trust, is actively developing: in the first quarter - $100 million in trading volume, 25,000 users.
#BTCUnbound @Solv Protocol
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
117,280.01
-0.40%
