BOB (Build on Bitcoin), a new project aiming to bring DeFi to Bitcoin, just raised another $9.5 million in a fresh funding round! 💰
Their mission?
To become the “Gateway to Bitcoin DeFi” — and it’s gaining serious momentum.
🔗 What Is BOB?
BOB is building a protocol that combines Bitcoin’s security with Ethereum-style DeFi features — giving users the best of both worlds.
They’re working on a BitVM bridge, which will let users bridge BTC into DeFi apps securely, using staked BTC for finality.
💼 Who Invested?
This round was supported by major players in crypto:
🏦 Castle Island Ventures (also led BOB’s $10M seed round)
🧱 Ledger, RockawayX, IOSG Ventures, Bankless Ventures
🆕 New backers: Anchorage, Amber Group, and Sats Ventures
BOB has now raised a total of $21 million across all funding rounds in 2024!
🛠️ What’s Next?
BOB plans to launch its mainnet and BitVM bridge by end of 2025.
Once live, users will be able to bridge BTC from Bitcoin to DeFi protocols — unlocking powerful new use cases.
🗣️ “A bet on BOB is a bet on Bitcoin DeFi itself,” said co-founder Alexei Zamyatin.
💭 Why It Matters
Bitcoin DeFi is heating up — and BOB is leading the charge.
This project could change how BTC is used:
✅ Secure, scalable, and connected to real DeFi tools
✅ Unlocks DeFi access for billions in BTC value
✅ Expands Bitcoin’s role beyond just “digital gold”
💬 Will Bitcoin become the next big thing in DeFi?
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