Bitcoin Defi Project Bob raised another $ 9.5m to generate BTC Defi Infrastructure
Bob, a bitcoin
Decentralized Finance (Defi) The protocol that combines Bitcoin’s security with Ethereum’s defi capabilities, raised $ 9.5 million in a strategic funding.
Investment is carrying Bob (“Build on bitcoin”) Total funds are raised to $ 21 million, Following previous increases in 2024.
The latest increase will be used to fund Bob’s vision in developing “Gateway to Bitcoin Defi” Launching Mainnet Bitvm Bridge And enabling the end of Bitcoin by staked BTC later this year. This will allow users to bridge BTC from the Bitcoin Network and deploy it to Defi Protocols to Bob.
Castle Island Ventures, which led to Bob’s $ 10 million seeds, also contributed to the latest increase, including Ledger, Rockawayx, IOSG ventures and bankless ventures. Anchorage, Amber Group, and Sats Ventures have joined as new investors, according to an email announcement on Thursday.
“By integrating BITVM and BTC staking, we prove how Bitcoin can secure a full defi ecosystem,” said co-founder Alexei Zamyatin. “A bet on Bob is a bet on the bitcoin defi itself.”
Mainnet launch is expected by the end of the year.
