Bob, a decentralized finance protocol (DEFI) of Bitcoin (BTC) that combines Bitcoin’s security with Defi de Ethereum capabilities, has raised $ 9.5 million in a strategic financing round.
The investment brings the total funds of Bob (“Build On Bitcoin”) raised to $ 21 million, after previous increases in 2024.
The last increase will be used to finance Bob’s vision of building the “bitcoin gateway” launching a Mainnet bitvm bridge and enabling Bitcoin’s purpose through BTC Staked at the end of this year. This will allow users to close BTC from the Bitcoin network and implement it in the Defi protocols in Bob.
Castle Island Ventures, which led the seed round of $ 10 million bob, also contributed to the last increase, along with Ledger, Rockaway, Iosg Ventures and Bankless Ventures. Anchorage, Amber Group and Sats Ventures joined as new investors, according to an announcement sent by email on Thursday.
“Combining the commitment to Bitvm and BTC, we are demonstrating how Bitcoin can ensure a complete defi ecosystem,” said co -founder Alexei Zamyatin. “A bet on Bob is a commitment to Bitcoin defi in itself.”
The Mainnet launch is expected by the end of the year.
