Bob, a decentralized financing protocol (BTC) (BTC) combining the safety of Bitcoin with Ethereum DEFI capacities, has collected $ 9.5 million in a strategic financing cycle.
The investment brings the total funds of Bob (“Build on Bitcoin”) collected at $ 21 million, after previous increases in 2024.
The latest increase will be used to finance Bob’s vision to build the “gateway to Bitcoin Defi” by launching a Bitvm Mainnet bridge and allowing the finality of Bitcoin via the BTC marked later this year. This will allow users to fill BTC from the Bitcoin network and deploy it on the protocols DEFI on Bob.
Castle Island Ventures, which led the seed series of $ 10 million in Bob, also contributed to the last increase, alongside Ledger, Rockawayx, Iosg Ventures and Bankless Ventures. Anchorage, Amber Group and Sats Ventures joined as new investors, according to an announcement sent by email on Thursday.
“By combining Bitvm and BTC Staking, we prove how Bitcoin can secure an entire DEFI ecosystem,” said co-founder Alexei Zamyatin. “A bet on Bob is a bet on Bitcoin Defi itself.”
The launch of the Mainnet is expected by the end of the year.
